5.12 Following are selected quotations for New York Exchange Bonds from the Wall Street Journal. Which of

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5.12 Following are selected quotations for New York Exchange Bonds from the Wall Street Journal. Which of the following statements about Wilson’s bond is false?

a. The bond maturing in year 2000 has a yield to maturity greater than 63⁄8%.

b. The closing price of the bond with the shortest time to maturity on the day before this quotation was $1,003.25.

c. This annual coupon for the bond maturing in year 2013 is $75.00.

d. The current yield on the Wilson’s bond with the longest time to maturity was 7.29%.

e. None of the above.

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Corporate Finance

ISBN: 9780071229036

6th International Edition

Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe

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Question Posted: Sep 19, 2024 02:31 PM

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5.12 Following are selected quotations for New York Exchange Bonds from the Wall Street Journal. Which of

Question:

Quotations as of 4 P.M. Eastern Time Friday, April 23, 1999 Bonds Current Yield Vol Close Net WILSON 6 3/8 99 ? 76 100 3/8 - 1/8 WILSON 6 3/8 00 ? 9 98 1/2 WILSON 7 1/4 02 ? 39 103 5/8 1/8 WILSON 7 1/2 13 ? 225 102 7/8 - 1/8

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Corporate Finance

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