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Ivan

In: Business and Management

Submitted By ivanva
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16. _______ allow the holder to purchase a certain number of shares of the firm’s common stock at a specified price over a certain period of time and are occasionally part of a debt agreement.
A) Rights
B) Stock-purchase warrants
C) Calls
D) Puts 5

17. When the required return is constant and equal to the coupon rate, the price of a bond as it approaches its maturity date will
A) remain constant.
B) increase.
C) decrease.
D) change depending on whether it is a discount or premium bond.

18. If the required return is less than the coupon rate, a bond will sell at
A) par.
B) a discount.
C) a premium.
D) book value.

19. An investment advisor has recommended a $50,000 portfolio containing assets R, J, and K; $25,000 will be invested in asset R, with an expected annual return of 12 percent; $10,000 will be invested in asset J, with an expected annual return of 18 percent; and $15,000 will be invested in asset K, with an expected annual return of 8 percent. The expected annual return of this portfolio is
A) 12.67%.
B) 12.00%.
C) 10.00%.
D) unable to be determined from the information provided.

20. Nico Corp issued bonds bearing a coupon rate of 12 percent, pay coupons semiannually, have 3 years remaining to maturity, and are currently priced at $940 per bond. What is the EAR of yield to maturity?
A) 12.00%
B) 13.99%
C) 14.54%
D) 15.07%

23. Which of the following statements is CORRECT?
A) Since in bankruptcy they must be paid in full before stockholders receive anything, corporate bondholders generally prefer to see corporate managers to invest in high risk/high return projects rather than low risk/low return projects.
B) Since bondholders receive fixed payments, they do not share in the gains if risky projects turn out to be highly successful, but they do share in the losses if risky projects fail and drive the...

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