Question
SkolitsCorp. issued 10-year bonds 2 years ago at a coupon rate of 8.7 percent. The bonds make semiannual payments. If these bonds currently sell for
SkolitsCorp. issued 10-year bonds 2 years ago at a coupon rate of 8.7 percent. The bonds make semiannual payments. If these bonds currently sell for 108 percent of par value, what is the YTM?(Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
YTM_______%
The newspaper reported last week that Tisch Enterprises earned $34.1 million this year. The report also stated that the firm's return on equity is 15 percent. The firm retains 85 percent of its earnings.
What is the firm's earnings growth rate?(Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
Earnings growth rate%
What will next year's earnings be?(Do not round intermediate calculations. Enter your answer in dollars, not millions of dollars, e.g., 1,234,567.)
Next year's earnings$
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