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Author Question: Keenan Industries has a bond outstanding with 18 years to maturity, a 9.5% coupon paid semiannually, ... (Read 100 times)

dusk108

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Question 1

In which way do income bonds pay interest?

annually or semiannually


when earnings are higher than the interest expense


when earnings are lower than the interest expense


at predetermined dates



Question 2

Keenan Industries has a bond outstanding with 18 years to maturity, a 9.5% coupon paid semiannually, and a $1,000 par value. The bond has a 7.2% nominal yield to maturity, but it can be called in 10 years at a price of $1,090. What is the bond’s nominal yield to call?

5.51%


5.70%


6.05%


6.92%



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Marked as best answer by dusk108 on Aug 7, 2023

Karla347

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dusk108

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Reply 2 on: Aug 7, 2023
YES! Correct, THANKS for helping me on my review


AmberC1996

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Reply 3 on: Yesterday
Great answer, keep it coming :)

 

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