Convertible bonds are normally ________
A) debentures
B) income bonds
C) zero coupon bonds
D) mortgage bonds
A
Business
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Mountain Treks Inc. has issued ten-year zero-coupon bonds with a $1,000 face value. If the bonds are currently selling for $514.87, what is the yield to maturity?
A) 6.75% B) 6.86% C) 10.45% D) This question cannot be answered because there is no coupon payment provided.
Business
The remaining book value when a project is terminated is the ________ minus accumulated depreciation over the life of the project
A) original cost B) ending cost C) salvage cost D) sunk cost
Business