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ND Electric Company issued $1,000 bonds that have an annual coupon rate of 6.5%. The present market value of the bonds is $1,225. If the

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ND Electric Company issued $1,000 bonds that have an annual coupon rate of 6.5%. The present market value of the bonds is $1,225. If the bonds have 17 years remaining until maturity, what is the current yield on ND Electric Company bonds? Select one: a. 6.5% b. 7.2% c. 5.3% d. 13.2% Asymmetric Frames Corp. had a return on equity of 15%. The corporation earnings per share was $6.00, its dividend payout ratio was 40% and its profit- retention rate was 60%. If these relationships continue, what will be United Financial Corp. internal growth rate? Select one: a. 6.0% b. 8.6% C 15.6% d. 9.0% Southland Tours has net income of $2 million this year. The book value of Southland Tours common equity is $8 million dollars. The company dividend payout ratio is 60% and is expected to remain this way. What is Southland Tours internal growth rate? Select one: a. 9% b. 6% c. 15% d. 10%

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