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Author Question: A floating lien, chattel mortgage, or terminal warehouse receipt have which of the following in ... (Read 129 times)

lak

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on: Jul 10, 2018
A floating lien, chattel mortgage, or terminal warehouse receipt have which of the following in
  common?
 
  A) They are all unsecured forms of financing.
  B) They have nothing in common.
  C) They all use inventory to secure a loan.
  D) They all pledge accounts receivables as security.

Question 2

Rogue Outfitters Inc. has outstanding 1,000 face value 12 coupon bonds that make semiannual payments, and have 8 years remaining to maturity. If the current price for these bonds is 1,274.35, what is the annualized yield to maturity?
 
  A) 7.81
  B) 7.40
  C) 6.12
  D) 6.00
Foundations of Finance ¦ Keown, Petty, Martin ¦ 9th Edition
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pallen55

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Reply #1 on: Jul 10, 2018
Answer to Question 1

C

Answer to Question 2

Answer: B
Explanation: B) The answer is found through an iterative (trial and error) process using the bond pricing formula.
Bond Price = PMT  + ;
MODE = END, P/Y = 2, C/Y = 2
INPUT 16 ? -1,274.35 60 1,000
KEY N I/Y PV PMT FV
CPT 7.40


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lak

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Reply #2 on: Jul 10, 2018
Thank you :)


pallen55

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Reply #3 on: Jul 10, 2018
Happy to help you


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