Yahoo Answers is shutting down on May 4th, 2021 (Eastern Time) and beginning April 20th, 2021 (Eastern Time) the Yahoo Answers website will be in read-only mode. There will be no changes to other Yahoo properties or services, or your Yahoo account. You can find more information about the Yahoo Answers shutdown and how to download your data on this help page.
Trending News
Please help me I have these finance problems that is suppose to be submitted by tomorrow, and I do not understand how to solve them.?
Would you please help me. Thanks in advance!
Question 6
Trevor Price bought 10-year bonds issued by Harvest Foods five years ago for $1,003.25. The bonds make semiannual coupon payments at a rate of 8.4 percent. If the current price of the bonds is $1,072.90, what is the yield that Trevor would earn by selling the bonds today? (Round intermediate calculations to 4 decimal places, e.g. 1.2514 and final answer to 2 decimal places, e.g. 15.25%.)
Effective annual yield
%
Question 7
The First Bank of Ellicott City has issued perpetual preferred stock with a $100 par value. The bank pays a quarterly dividend of $1.65 on this stock. What is the current price of this preferred stock given a required rate of return of 13.5 percent? (Round answer to 2 decimal places, e.g. 15.25.)
Current price $
