Question
6. Rogue Racing Inc. has RM1,000 par value bonds with a coupon rate of 8% per year making semiannual coupon payments. If there are twelve
6.
Rogue Racing Inc. has RM1,000 par value bonds with a coupon rate of 8% per year making semiannual coupon payments. If there are twelve years remaining prior to maturity and these bonds are selling for RM876.40, what is the yield to maturity for these bonds?
a.
8.33%
b.
9.80%
c.
8.00%
d.
9.77%
50.
Dividends in arrears that must be paid to the preferred stockholders before payment of dividends to common stockholders are ________.
Select one:
a.nonparticipating
b.convertible
c.participating
d.cumulative
49.
Below show partial balance sheet of Aisy Corporation :
Par value : RM2
Common Stock : RM 2,000,000
Premium : RM 3,500,000
Retained Earnings : RM 1,500,000
If the company decide to give 8% stock dividend and current market price of RM8.00
Find the deceasing value in RE
Select one:
a.640,000
b.80,000
c.84,000
d.104,000
48.
The purpose of economic analysis is to gain an insight into the underlying health or vitality of the economy and to formulate expectations about future security prices.
Select one:
a.
TRUE
b.
FALSE
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