Homework Clinic
Social Science Clinic => Business => Finance => Topic started by: ARLKQ on Jul 10, 2018
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When a bond is callable, the ability to call the bond is an option for ________.
A) the bond issuer
B) the bond purchaser
C) a mutual decision between the issuer and the purchaser of the bond
D) the trustee holding the bond
Question 2
If the average PE ratio for the construction industry is 15 and earnings per share for Lincoln Builders is 2.35, what is the current price of Lincoln's stock?
A) 17.35
B) 6.38
C) 35.25
D) 0.16
E) 17.63
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Answer to Question 1
Answer: A
Answer to Question 2
C