19. Which one of the following is computed by dividing next b. yield to maturity year's sncual dividend by the curest sockr d. e. capital gains yield total yield 20. Dexter Mills issued 20-year payments. The a1,042.I yield to-maturity on these bonds is 9.e i s the rent bond price ity on these bonds is 9.2 percent. What is the current bond price? b. $991.90 c. $1,089.02 d. $985.55 e. $1,098.00 21. What is the beta of a security with an expected return of12% if Treasury bills yield 3.7 5% ind it, as a risk premium, is 6.75%? a. 0.966 b. 1.357 1.149 d. 1.222 e. 1.503 22. An investor owns the following portfolio of stocks: Stock IBM GOOG DIS HD Total Investment Beta $150,000 1.40 $77,500 0.80 $72,500 1.00 $75,000 1.20 $375,000 What is the portfolio's beta? a. 1.02 b. 1.16 d. 1.40 e. 0.95 If the bond is selling today for $1,128.33, the yield to call is a. b. 23. A 10% coupon bond, annual payments, 10 years to maturity is callable in three years at a call price of $1,100. 10.11% 8.09 % 8.17% 8.25 % 7.20 % c. d. e. Which of the following is typically a feature of common stock? a. Common stocks may or may not pay dividends. b. Common stocks have a maturity value. c. Most common stocks are cumulative. d. Most common stocks are callable. 4 19. Which one of the following is computed toy dividing b. yield to maturity o dividend yield d. capital gains yield e. total yield Mills issued 20-year bonds s. The yield-to-maturity on payments YEREo at a coupon ate of 10.2 percent. The bondds make semiamual these bonds is 92 percent What is the eurrent bond pricet tcoupo a. $1,042.16 b. $991.90 c. $1,089.02 d. $985.55 e. $1,098.00 21. What is the beta of a security with an expected return of 1 risk premium is 6.75%? a. 0.966 b. 1.357 c. 1.149 d. 1.222 2% if Treasury bills yield 3.75%-nd the market e. 1.503 22. An investor owns the following portfolio of stocks: Stock IBM GOOG DIS HD Total Investment Beta S150,000 1.40 $77,500 0.80 $72,500 1.00 $75,000 1.20 $375,000 What is the portfolio's beta? a. 1.02 b. 1.16 d. 1.40 e. 0.95 23, A 10% coupon bond, annual payments, 10 years to maturity is callable in three years at a call price of $1,100. If the bond is selling today for $1,128.33, the yield to call is 10.11 % a. b. 8.09 % c. 8.17% d. 8.25 % e. 7.20 % Which of the following is typically a feature of common stock? a. Common stocks may or may not pay dividends. b. Common stocks have a maturity value. c. Most common stocks are cumulative. d. Most common stocks are callable. 4
