The bonds issued by Stainless Tubs bear a 12 percent coupon, payable semiannually. The bonds...
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The bonds issued by Stainless Tubs bear a 12 percent coupon, payable semiannually. The bonds mature in 12 years and have a $1,000 face value. Currently, the bonds sell for $952. What is the yield to maturity? Select the choice that is closest to your answer. 11.86%12.36%12.79%12.98% Question 12 1pts Cartwright made two announcements concerning its common stock today. First, the company announced that the next annual dividend will be $1.75 a share. Secondly, all dividends after that will increase by 2 percent annually. What is the maximum amount you should pay to firchase a share of this stock today if you require a 13 percent rate of return? Select the choice that is closest to your answer. $15.9$16.5$17.5$18.5
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