Question 25 Not yet answered Morked out of 100 Since each share of common stock represents ownership in a company, shares of common stock are often referred to as equity securities. hog question Select one: True O False Question 24 Not yet answered Marked out of 100 Phillips Fine Fixtures Inc. wishes to issue new bonds but is uncertain how the market would set the yield to maturity. The bonds would be 20-year, 7% annual coupon bonds with a RM1,000 par value. Fisher has determined that these bonds would sell for RM1,050 each. What is the yield to maturity for these bonds? P Flag question o a. 7.00% O b. 6.55% O c. 7.35% O d. 6.54% Question 23 Not yet answered Marked out of 1.00 Prag question Syarikat Berlian decided to venture into a new business. The management identified that they needed to raise 6% of 15,000 units of convertible bonds in order to support the current operation. The bonds will mature in 15 years time. If the conversion price is RM50.00 and the marketed at 15% lower, determine the following: iv) Total number of shares upon conversion Select one: O a. 250,000 b. 300,000 oc. 200,000 O d. 350,000 Question 22 Not yet answered Pure shares are currently selling at RM 18.70 each and the company recently declared a dividend of RM0.80 each. The dividend is expected to grow at 8% per year for the first three years and the at a more gradual rate of 6% a year indefinitely. If your expected rate of return is 12% find the value of stock today Marked out of 100 Flag question Select one: O a. 12.90 O b. 13.10 O c. 14.90 O d. 16.90