Sascha owns stock in Lewis Corp and she bought a $1,000 corporate bond. The bond pays 6.34%
Question:
a. How much will Sascha receive in annual interest?
b. How much will Sascha receive in interest if she holds the bond for 14 years?
c. Sascha's stock is worth $46 per share, and it pays a $2 annual dividend. What is the yield?
d. Which is higher, the yield on the stock or the interest rate on the bond?
e. How much does Lewis Corp. pay to Sascha when the bond matures?
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a 00634 1000 6340 b 6340 14 88760 c Yi...View the full answer
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Talha Talib
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Related Book For 
Financial Algebra advanced algebra with financial applications
ISBN: 978-0538449670
1st edition
Authors: Robert K. Gerver
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