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Assume that you are considering the purchase of a 20-year, noncallable bond with an annual coupon rate of 8.60 percent. The bond has a face

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Assume that you are considering the purchase of a 20-year, noncallable bond with an annual coupon rate of 8.60 percent. The bond has a face value of $1000, and it makes semiannual Interest payments. If you require an 9.15 percent nominal yield to maturity on this investment, what is the maximum price you should be willing to pay for the bond? Multiple Choice $949.93 $972.20 $967.68 $958.74 $954.32 Ten years ago, The Lanyard Company earned $0.50 per share. Its earnings this year were $2.86. What was the growth rate in earnings per share (EPS) over the 10 year period? Multiple Choice 19.38% 1770 17.00 19.05 O 18.47%

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