Yummy Tummy Bakeries has issued a 30-year par value bond that is callable in 5 years. If the coupon rate is 5.5% payable semiannually, what is the bond's yield to call if the yield to maturity is 8% and the call premium is one year's interest?
A) 12.65%
B) 18.91%
C) 14.42%
D) 10.62%
C
You might also like to view...
"I don't understand why you're afraid to commit to this new ad program," said Barry, a sales representative of a popular radio station, to the marketing manager of a large retail store. "Our radio station is offering you a chance to be heard around the clock and all over town. If you sign today, we can have your ad on air starting the day after tomorrow. No other radio station offers such an extensive advertising service. So, would you prefer your ad being broadcast every 60 minutes or every 30 minutes?" In this scenario, Barry would be classified as a(n) ________ salesperson.
A. aggressive B. submissive C. unassertive D. empathetic E. passive
Office Systems Corporation manufactures and sells various high-tech office automation products. Two divisions of Office Systems Corporation are the Computer Chip Division and the Computer Division. The Computer Chip Division manufactures one product, a "super chip," that can be used by both the Computer Division and other external customers. The following information is available on this month's
operations in the Computer Chip Division: Selling price per chip $50 Variable costs per chip $20 Fixed production costs $60,000 Fixed SG&A costs $90,000 Monthly capacity 10,000 chips External sales 6,000 chips Internal sales 0 chips Presently, the Computer Division purchases no chips from the Computer Chips Division, but instead pays $45 to an external supplier for the 4,000 chips it needs each month. Refer to Office Systems Corporation. Assume that next month's costs and levels of operations in the Computer and Computer Chip Divisions are similar to this month. What is the maximum of the transfer price range for a possible transfer of the chip from one division to the other? a. $50 b. $45 c. $35 d. $30
Strategic planning is focused on short-term goals of less than five years
Indicate whether the statement is true or false
Good writers should avoid repetition of words or key ideas because it shows lack of creativity
Indicate whether the statement is true or false