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I know the answer but, Can you calculate and shortly explain it. 18. If you have $121,350 to invest in ABC bond (above), approximately how
I know the answer but, Can you calculate and shortly explain it.
18. If you have $121,350 to invest in ABC bond (above), approximately how many can you purchase with your money and how much would you receive in total coupon over the life of the bonds for your investment? A. 75 &$276,000 0 150 & $552,000 C. 150 & $203,680 D. 75 & $7,360 Table 19 19. Rank the bonds in the table below from the most risky to the less risky: Bond Information Issuer Face Value Coupon Rate Rating Quoted Price Sinking Fund Years Until Maturity ABC $1,000 16% CCC- $809.10 20 No 23 Years XYZ $1,000 0% AAA $211.64 20 Yes 8 Years JJ Power $1,000 10% BBB+ $1,025.00 No 10 Years Fresh $1,000 15.5% CCC- $1,300.00 No 15 YearsStep by Step Solution
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