7 You charged $1,000 on your credit card for Christmas presents. Your credit card Ylo a make the company charges you 26% annual interest, compounded monthly tuyoan off your minimum payments of $25 per month, how long in years) will it take to pay your balance A. 5.96 years B. 6.78 years C 7.83 years D. 8.15 years 8 Assume that that you have S330.000 invested in a stock that is returning i 1.50s, si 70.00 invested in a stock that is retu rning 22.75%, and S470,000 invested in a stock that is returning 10.25%. What is the expected return of your portfolio? A) 15.61% B) 12.87% C) 18.32% D) 14.80% 9. Assume that you had bought a convertible bond with a conversion ratio of 10. Now the stock of this firm is selling for $107. Will you execute this option of conversion? If so, what is the profit do you get when you convert the bond into stocks and sell it in the stock market? A) Not execute B) Execute, and the profit is 70 C) Cannot determine due to the lack of conditions D) Execute, and the profit is 97 10 PBJ Corporation bond has a coupon rate of 6%, with coupon paid semiannually The face value of the bonds is $1,000 and the bond has a maturity of 9 years. What i the YIELD TO MATURITY for a PB] Corporation bond if the market price of the bond is $950? A) 10.50% B) 6.75% C) 6.23% D) 8.43% 11. Bryant Inc just issued $1,000 par 20-year Zero-Coupon bonds. Suppose Yield-to- Maturity is 5%. The bond is priced semiannually. what is the price ot this coupon bond? A. $1,000 B, $372.4 C $376.9 zero. Page 3 of 6