Skye Industries Inc. bonds currently have 14 years remaining to maturity. What is the yield to maturity of the firm's semi-annual bonds if they carry a face value of $1,000, an annual coupon rate of 8% and have a current price of $885.16?
A) 8.00%
B) 8.75%
C) 9.50%
D) 10.25%
C
Explanation: C) Via Calculator: N = 14*2, PMT = 40, FV = 1,000, PV =- $885.16, Solve for ytm = 9.50%.
You might also like to view...
Which three antecedent conditions have an impact on servant leadership?
A. context and culture, societal effect, follower receptivity B. follower receptivity, emotional healing, creating value for the community C. follower performance and growth, societal impact, behaving ethically D. context and culture, leader attributes, follower receptivity
Dividends from mutual insurers are a part of the contract, and minimum dividends are guaranteed
Indicate whether the statement is true or false
If the coefficient of correlation r is positive, the dependent variable y and the independent variable x are said to be ____________________ related
Fill in the blank(s) with correct word
Give an example of a product for which "conformance" would be among the most important quality dimensions