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Author Question: Keenan Industries has a bond outstanding with 18 years to maturity, a 9.5% coupon paid semiannually, ... (Read 102 times)

dusk108

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on: Aug 7, 2023

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%


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5.70%


◦

6.05%


◦

6.92%

Financial Management: Theory and Practice ¦ Brigham, Ehrhardt, Gessaroli, Nason ¦ 4th Edition
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Marked as best answer by dusk108 on Aug 7, 2023

Karla347

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Reply #1 on: Aug 7, 2023
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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dusk108

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Reply 2 on: Aug 7, 2023
Great answer, keep it coming :)

coreycathey

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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