You purchased a $1,000 bond paying a coupon rate of 7.0 percent 10 years ago. Comparable bonds that are new issues are paying a coupon rate of 9.0 percent. You decide to sell your bond, what would the selling price be?

a. $800

b. $1,133.00

c. $777.78

d. $1,250

Rosa's is a small chain of Mexican food restaurants that features five delicious varieties of salsa. The business has grown over the past ten years from a hobby to a small corporation with 200,000 shares of common stock outstanding. The corporation has not issued any preferred stock. The following is Rosa's latest financial data:

What is the current book value of Rosa's?

Annual earnings: $750,000

Annual sales: $12,650,000

Corporate assets: $20,500,000

Corporate liabilities: $12,800,000

Cash dividends (annual) $.50

Market price per share: $35

a. $15,800,000

b. $20,500,000

c. $4,700,000

d. $7,700.000

What is the dividend yield on Rosa's stock?

a. 0.75%

b. 1.43%

c. 2.14%

d. 5%