A 4.5 percent coupon bond is currently quoted at 92.5 and has a face value of $1,000. What is the amount of each semi-annual coupon payment if you own three of these bonds?

Multiple Choice

$1,000

$100.00

$52.50

$67.50 $92.50

To be listed on the NYSE, a firm must have at least:

Multiple Choice

• 100,000 shares traded on an average day.

• 2,500 shareholders.

• $75 million in market value for an IPO.

• pre-tax aggregate earnings of $10 million in the previous 3 years.

• 1.5 million shares held by the public.