Question
kingston Enterprises has a 14-year bond issue outstanding that pays a 10% coupon. The bond is currently priced at $894.60 and has a par
kingston Enterprises has a 14-year bond issue outstanding that pays a 10% coupon. The bond is currently priced at $894.60 and has a par value of $1,000. Interest is paid semi-annually. What is the yield to maturity? Select one: O a. 11.54% b. 11.16% c. 18.67% d. 11.13% e. 11.40% Which of the following typically applies to preferred stock but NOT to common stock? Select one: Oa. Dividend yield b. It is legally considered equity. Oc. Cumulative dividends. d. The dividends are a tax-deductible expense. Oe. Par value.
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