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Use the following information to answer PART A & PART B Bond: May Hotel 12,15 Current Yield: 10.5 Volume: 75 Close: 95 Net Charge: -10

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Use the following information to answer PART A & PART B Bond: May Hotel 12,15 Current Yield: 10.5 Volume: 75 Close: 95 Net Charge: -10 PART A: How many bonds were sold that day? 1.95 2.75 3.75,000 4.95,000 PART B: What is the bond's stated (ie: face value) interest rate? 1. 10.00% 2. 15.00% 3. 10.50% 4. 12.00%

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