A corporate bond has a coupon rate of 9%, a face value of $1,000, and matures in 15 years. Which of
the following statements is MOST correct?
A) An investor with a required return of 10% will value the bond at more than $1,000.
B) An investor who buys the bond for $900 will have a yield to maturity on the bond greater
than 9%.
C) An investor who buys the bond for $900 and holds the bond until maturity will have a capital
loss.
D) If the bond's market price is $900, then the annual interest payments on the bond will be $81.
B
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Which of the following is required to be withheld from employee's gross pay?
a. both federal and state unemployment compensation taxes b. only federal unemployment compensation tax c. only federal income tax d. only state unemployment compensation tax
Using a periodic inventory system, Bertram Company records inventory at lower of cost or market using the allowance method. The end-of-the-year journal entries to adjust inventories would include ?
A) ?a debit to Inventory to close beginning inventory at cost value. B) ?a debit to Inventory to close ending inventory at market value. C) ?a debit to Loss Due to Market Valuation for the excess of cost over market value. D) ?a credit to Allowance to Reduce Inventory for the excess of market over cost value.
Which of the following is a sense of mastery an employee has over their job?
A. capability B. commitment C. cognition D. competence
A giant telecommunications company that was previously owned by the government of Sunzabia, a European country, is sold to an independent industrialist to ensure that the company is handled in a more efficient way. The given scenario exemplifies _____.
A. privatization B. globalization C. a joint venture D. a coalition