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need help with 21 and 22 Question 21 (1 point) Palmer Products has outstanding bonds with an annual 8 percent coupon. The bonds have a
need help with 21 and 22
Question 21 (1 point) Palmer Products has outstanding bonds with an annual 8 percent coupon. The bonds have a par value of $1,000 and a price of $1,050.97. The bonds will mature in 20 years. What is the yield to maturity on the bonds? A) 7.5% B) 8% C) 9% D) 9.5% E) 10% Question 22 (1 point) Martin Manufacturers is considering a five-year investment that costs $100,000. The investment will produce cash flows of $30,250 each year for the first two years (t = 1 and t 2). $32,675 a year for each of the remaining three years (t = 3, t = 4, and t- 5). The company has a weighted average cost of capital of 6 percent. What is the MIRR of the investment? A) 12.25% B) 13.13% C) 14.02% D) 14.91% DAGE Step by Step Solution
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