PBJ Corporation issued bonds on January 1, 2006. The bonds had a coupon rate of 5.5%, with
interest paid semiannually. The face value of the bonds is $1,000 and the bonds mature on January
1, 2021.
What is the yield to maturity for a PBJ Corporation bond on January 1, 2012 if the market
price of the bond on that date is $950?
A) 6.23% B) 5.50% C) 8.43% D) 10.50%
A
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Which of the following statements is true about world economy?
A) Countries in emerging markets have sustained low rates of growth. B) Global competitors are deprived of new opportunities. C) The emergence of global markets has displaced local ones. D) The integration between all world regions has steadily decreased.
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Another name for the mean of a probability distribution is its expected value
Indicate whether this statement is true or false.
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