?The current market price of Smith Corporation's 10 percent, 10-year bonds is $1,297.58. A 10 percent coupon interest rate is paid semiannually, and the par value is equal to $1,000. What is the yield to maturity (YTM), (stated on a simple, or annual, basis) if the bonds mature 10 years from today? (Round the answer to the nearest whole number.)
A. ?8%
B. 6%?
C. 4%?
D. 2%?
E. ?1%
Answer: B
You might also like to view...
Consumers may keep as a gift any unordered merchandise that they receive in the mail.
Answer the following statement true (T) or false (F)
The supply chain perspective on technology suggests that:
a. network externalities are more likely to exist at the retail level than at the end-user level. b. creative destruction is more likely to apply among categories of adopters at the end-use level than elsewhere in the supply chain. c. supply and demand ultimately determine prices, just as in more conventional markets. d. incremental innovations are more likely to occur at the supplier level of the supply chain, while more radical innovations are likely to occur at the end-user level. e. although actual end-user behavior may not have changed significantly, major innovations at higher levels in the supply chain (i.e., at the level of suppliers) can be characterized as revolutionary.
Beginning inventory + purchases + transportation charges equals the _____
a. gross profit b. cost of goods sold c. cost complement d. cost of merchandise available for sale
Senior management at Lako Systems is evaluating its training program. In order to consider the program successful, they feel that employees who have gone through the program must demonstrate a level of skill above that of those who have not completed the program. This reflects an emphasis on the criterion of learning.
Answer the following statement true (T) or false (F)