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Which of the following statements is CORRECT? If a bond sells at premium (above par), then its yield to maturity is less than its coupon
Which of the following statements is CORRECT?
If a bond sells at premium (above par), then its yield to maturity is less than its coupon rate | ||
If a bond sells at par, then its yield to maturity is more than its coupon rate | ||
If a bond sells for less than par, then its yield to maturity is less than its coupon rate. | ||
None of the above |
Lowell Inc. just paid a dividend of $1.00. If the expected long-run growth rate for this stock is 6.4%, and if investors' required rate of return is 11.4%, what is the stock price? |
14.91 | ||
21.28 | ||
17.13 | ||
17.57 |
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