What is the approximate yield to maturity for a $1,000 par value bond selling for $1,120 that matures in 6 years and pays 12 percent interest annually?
A) 8.5 percent
B) 9.3 percent
C) 12.0 percent
D) 13.2 percent
B
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The guiding principle of The Richards Group advertising agency is "we sell the truth."
Indicate whether the statement is true or false
GP Corp. had been contracted by the public services department of Kingston to install monitoring systems at all public places. This was to be done in two phases and the city had the right to terminate the contract. GP had plans to use a subcontractor, Rex, whom they usually hired for the last phases of projects executed by them. After two weeks of the work, the city of Kingston found that things were not going according to plan and terminated GP's contract. Under these circumstances:
A. Rex cannot sue the public services department of Kingston because he is a creditor beneficiary. B. Rex can sue the public services department of Kingston because he is a third-party donee beneficiary. C. Rex can sue the public services department of Kingston because he is involved in a novation. D. Rex cannot sue the public services department of Kingston because he is only an incidental beneficiary.
Over the past three years, skincare products retailer E&OE has realized that it is losing sales to competitors who sell products online
E&OE has always cultivated an exclusive upscale image, and the management feels that shifting to the online route will only harm the brand image and sales in the long run. How can E&OE encourage customers to frequent its stores?
Assume that a corporation has 1,500 shares of $20 par, 10% preferred stock and 1,000 shares of $10 par common stock outstanding. The amount available to dividends is $10,000 . What are the dividends per share for common stock?
a. $4.67 b. $70 c. $7 d. $10 e. $9.34