20 Other thip held kam, which ofthe Mowing atins wold sheet? a. The company purchases a w piece of epuipment c. The company pays a dividend d. The company issues new common stock e. The company gives customers more time to pay their bills 21. Field Industries outstanding bonds have a 25-year maturity and $1,000 par value. Their nominall yield to maburity is interest semiannually, and they sell at a price of S850 What is the bond's nominal Cannual) couporn interest rate? 6,27% b. 6.60% c. 6.95% d. 7.32% e. 7.70% 2 Meacham Enterprises' bonds currently sell for $1,280 and have a par value of $1,000. They pay a $135 annual corut nd have a 15-year maturity, but they can be called in 5 years at $1,050. What is their yisld.te.sallcc? a, 6.39% b. 6.72% . 708% d. 7.45% e. 7.82% Vhich one of the following corporate board characteristics usually improves corporate governance? . The board has a majority of outsiders who have experience and aren't too busy CEO is the chairman of the board. The board is as large as is possible Board members are paid at a rate higher than their peers and their payment is mostly cash. The board has a majority of insiders from company management on it who bring first-hand knowledgeo e company operates