Eleven years ago, Cornwell Industries issued $1,000 par value bonds with 5% annual coupon, and...
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Eleven years ago, Cornwell Industries issued $1,000 par value bonds with 5% annual coupon, and a term to maturity of 25 years. Assume these bonds make semiannual coupon payments, what would be the price today for a Cornwall Industries bond if the annual yield to maturity is 6%? a. $997.13 Ob. $1,105.63 Oc. $906.18 d. $1,106,41 A preferred stock promises to pay an annual dividend of $5 forever. It has an annual yield of 2%. What is the selling price today of this preferred stock
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