d. Stock repurchase plans make sense if a company expects to have lot Bf ptot projects in the near future. 7. Suppose that currently, I British pound equals 1,98 U.S. dollars and I Swiss franc uals o.8o U.S. dollars. How many Swiss francs are needed to purchase 1 pound? a. 0.6313I Pound b. 1.5840 c. 1.9058 d. 2.4750 Frane-go us I PUnnd- 1.9 1.18 dollar 8. Assume that you are considering the purchase of a 20-year, noncallable bond with an annual coupon rate of 9.5%. The bond has a face value of $1,000, and it makes semiannual interest payments. If you require an 10.7% nominal yield to maturity on th investment, what is the maximum price you should be willing to pay for the bond? a. $721.44 b. $901.80 c. $910.81 d. $874.74