Suppose the annual returns for North Airline are 12%, 20%, 5%, -5%, -2%, 7% and for South Airline are 8%, -5%, -2%, 7%, 5%, 24%. The Covariance of returns between North & South Airlines is?

a. -.0024

b. -.2566

c. 9.15%

d. 10.15%

e. 6.17%

Omak Industries has just issued a callable (at par) five-year 8% semi-annual coupon bond. The bond can be called at par in one year. It matures at face value of $100. It has a price of $ 102. What is the bond's yield to maturity is closest to?

a. 7.5%

b. 6.53%

c. 4.12%

d. 3.76%

e. 2.94%