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Score: 0 of 1 pt 9 of 16 (5 complete) HW Score: 31.25%, 5 of 16 pts P 15-9 (similar to) Question Help Your firm

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Score: 0 of 1 pt 9 of 16 (5 complete) HW Score: 31.25%, 5 of 16 pts P 15-9 (similar to) Question Help Your firm successfully issued new debt last year, but the debt carries covenants Specifically, you can only pay dividends out of earnings made after the debt issue and you must maintain a minimum quick (acid-test) ratio (Current Assets - Inventory)/Curront untities of 11 Your not income this year was 569 9 million Your cash is $10,3 million your receivables are $77 million, and your inventory is $5.4 million. You have current istilities of 519 5 million What is the maximum dividend you could pay (in cash and in stock) this year and still comply with your covenants The maximum dividend would be million (Round to one decimal place) (1/1) 10/1) 10/1 Score: 0 of 1 pt 11 of 16 (5 complete) HW Score: 31.25%, 5 of 16 P 15-11 (similar to) Question Help General Electric has just issued a callable (at par) 10-year 50% coupon bond with annual coupon payments. The bond can be called at par in one year or anytime thereafter on a coupon payment date. It has a price of $101 87 a. What is the bond's yold to maturity? b. What is its yield to call? c. What is its yield to worst? a. What is the bond's yield to maturity? The bond's yield to maturity is % (Round to two decimal places)

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