11) The yield to maturity of a bond (yield-to-maturity) that pays a coupon of $85 per year and sells at par value is a. 8.5% b. 9.5% c. 10.5 % d. Cannot be determined, missing information

14) In the contract, Long 1 IHJ Dec 60 Put at 3, if the share price is at $53 at maturity, upon exercise, the investor will generate a maximum profit (ML) of a. $100 b. $300 c. $400 d. $700

17) In the following equity option contract, Long 1 DEF Mar 45 Call at 4, all of the following are correct, except a. long position to buy 100 shares if the contract is In the Money at expiration b. you have the right to sell the shares to the person who sold you the option contract upon exercise c. the contract expires on the third friday of march at 11:59 pm d. paid a total of $400 for the contract

37) Suppose that the NVIDIA Corporation share paid an annual dividend of $3.00 last year and is growing steadily at 6%. What is the fair price of the share if its required return is 14%? a. $30.06 b. $36.00 c. $39.75 d. $39.99

39) A bond that pays $65 annual coupon and that the investor acquired at $989.50 has a current yield of: a. 65.0% b. 6.57% c. 16.50% d. Cannot be determined

40) A bond that pays a coupon of $85 a year has an annual interest (coupon rate) of a. 85% b. 100% c. 8.5% d. 0.85%