15_ is where the firm's ratio values are compared to those of a key competitor or group of competitors, primarily to identify areas for improvement. a. Time-series analysis - b. Benchmarking c. Combined analysis d. None of the above 16 Often times, investors are too slow to respond to new information. This is known as a a. Framing bias -- b. Conservatism bias c. Mental bias d. Accounting bias This data applies to the next three questions: A 4% annual coupon convertible bond has 14 years to maturity, a $1,000 par value and is priced at $1.620. This bond can be converted into 20 shares of common. The common currently sells for $63 per share and pays a $0.20 quarterly dividend per share. Similar bonds that are not callable yield 5.25%. 17_ What is this bond's conversion equivalent? a. $62 b. $74 -c. $81 d. $97 18 What is this bond's payback period? a. 12 years b. 13 years c. 14 years d. 15 years _ What is this bond's investment value? a. $724.93 - b. $878.22 c. $903.22 d. $986.54