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Use the following information to answer PART A & PART B Bond: May Hotel 12,15Current Yield: 10.5Volume: 75Close: 95Net Charge: -10PART A: How many bonds were sold that day? 95 75 75,000 95,000   PART B: What is the bond’s stated (ie: face value) interest rate?   10.00% 15.00% 10.50% 12.00%

Use the following information to answer PART A & PART B Bond: May Hotel 12,15Current Yield: 10.5Volume: 75Close: 95Net Charge: -10PART A: How many bonds were sold that day? 95 75 75,000 95,000   PART B: What is the bond’s stated (ie: face value) interest rate?   10.00% 15.00% 10.50% 12.00%

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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Use the following information to answer PART A & PART B

Bond: May Hotel 12,15
Current Yield: 10.5
Volume: 75
Close: 95
Net Charge: -10


PART A:

  • How many bonds were sold that day?
  1. 95
  2. 75
  3. 75,000
  4. 95,000

 

PART B:

  • What is the bond’s stated (ie: face value) interest rate?

 

  1. 10.00%
  2. 15.00%
  3. 10.50%
  4. 12.00%
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