1 bat companys bbb 11 bonds have a face value of 1000 and, Ask an Expert

Finance

1. Bat Company's BBB 11% bonds have a face value of $1,000 and pay interest semi-annually. They mature in 21 years, and their YTM is currently 15%. What is the price of a Bat Company Bond?

1) $581.97

2) $462.60

3) $910.27

4) $746.12

2. Which of the followings is not true?

Common stock represents ownership and thus has voting rights.

Common stock dividends are tax-deductable.

Stockholders elect the members of the board of directors

Common stock has no maturity.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92763848

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