Reg corporate d. A bond is sold at & All else equal, a firm will have to pay a highe debentures than on its mortgage bonds a. True b. False Beth Enterprises' non-callable bonds currently sell for $1,111. They have a 14-year maturity, an annual coupon rate of 9.5% What is their yield to maturity? (Semi-annual coupons) a. 7.63% b. 8.69% C 8.16% d. 6.35% e. 11.34% Which of the following statements is/are INCORRECT? Assume that the project being considered has normal cash flows, with one outflow followed by a series of inflows a. The shorter a project's payback period, the more desirable the project is normally considered to be by this criterion. b. One drawback of the payback criterion for evaluating projects is that this method does not properly account for the time value of money If a project's IRR is positive, then it must have a positive NPV d. The regular payback criteria ignores maximizing shareholders wealth e Botha and care incorrect