Tangshan Industries has issued a bond which has a $1,000 par value and a 15 percent annual coupon interest rate. The bond will mature in ten years and currently sells for $1,250
Using this information, the yield to maturity on the Tangshan Industries bond is ________.
A) 10.79 percent
B) 11.39 percent
C) 12.19 percent
D) 13.29 percent
A
Business
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Shares of Brockshire Holding Company Inc. trade for $90,000 per share. There are 1.75 million shares outstanding. If Brockshire wanted to execute a stock split so as to reduce the stock price to $80, what split ratio would they use?
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