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(TCO 5) Scott Turner has a bond with 10 years to maturity, a face value of $1,000, a 7% interest rate, and a market price
- (TCO 5) Scott Turner has a bond with 10 years to maturity, a face value of $1,000, a 7% interest rate, and a market price of $800. What is the yield to maturity on this bond?
8.00%
11.00%
7.00%
10.00%
11.11%
2. (TCO 5) What is the current yield for a $1,000 corporate bond that pays 9% and has a current market value of $825?
9.0%
10.9%
10.0%
8.25%
8.0%
3. (TCO 3) A motor vehicle has annual depreciation of $2,500, oil changes cost $230, automobile insurance costs $550, and license plates cost $125. What is the annual amount of the total fixed operating cost for this vehicle?
$3,405
$2,625
$2,500
$3,050
$3,175
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