If Grey-Sloan, Inc. has $1,000 face value bonds outstanding with a market price of $759.17. The bonds pay interest semi-annually, mature in 11 years, and have a yield to maturity of 12%. what is the current yield? a. b. c. d. e. 15.71% 9.36% 10.54% 7.32% 14.98% Which of the following has the highest reinvestment rate risk? a. b, C. d. 10-year corporate bond with coupon rate of 5% 5-year corporate bond with coupon rate of 8% 5-year corporate bond with coupon rate of 10% 10-year zero coupon bond Which of the following statement is/are CORRECT? Zero-coupon bonds sell well above par value because they offer an attractive return. Convertible bonds can be converted into certain amount of cash at the discretion of CEO of the firm. Most bonds are trading in the OTC market. Municipal bond interest is tax-exempt at the federal levels. Statements c and d are correct. a. b. c. d. e