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Workman Software has 9.4 percent coupon bonds on the market with 8 years to maturity. The bonds make semiannual payments and currently sell for 977

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Workman Software has 9.4 percent coupon bonds on the market with 8 years to maturity. The bonds make semiannual payments and currently sell for 977 percent of par a. What is the current yleld on the bonds? 0.20% 9.62% 10.10% 10.60% b. The YTM? 9.83% 10.01% 4.92% 9.90% c. The effective annual yield? 10.07% 0.10% Chamberlain Co wants to issue new 11-year bonds for some much-needed expansion projects. The company currently has 6.2 percent coupon bonds on the market that sel for $954.05, make semiannual payments, and mature in 11 years. What coupon rate should the company set on its new bonds if it wants them to sell at par? Assume a par value of $1,000 Multiple Choice 6.50% 6.80% 6.70 Allison just received the semiannual payment of $35 on a bond she owns. Which term refers to this payment? Multiple Choice Coupon Face value Discount Call premium Bert owns a bond that will pay him $45 each year in interest plus $1,000 as a principal payment at maturity. What is the 51.000 called? Multiple Choice Coupon Face value Discount Yield The bond market requires a retum of 98 percent on the 5-year bonds issued by JW Industries. The 98 percent is referred to as the Multiple Choice coupon rate face rate call rate yield to maturity Which one of these equations applies to a bond that currently has a market price that exceeds par value? Multiple Choice Market value Coupon rate A newly issued bond has a coupon rate of 7 percent and semiannual interest payments. The bonds are currently priced at pat, The effective annual rate provided by these bonds must be Multiple Choice 3.5 percent greater than 3.5 percent but less than 7 percent 7 percent 5 greater than 7 percent

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