1. Bat Company's BBB 11% bonds have a face value of $1,000 and pay interest semi-annually. They mature in 21 years, and their YTM is currently 15%. What is the price of a Bat Company Bond?
1) $581.97
2) $462.60
3) $910.27
4) $746.12
2. Which of the followings is not true?
Common stock represents ownership and thus has voting rights.
Common stock dividends are tax-deductable.
Stockholders elect the members of the board of directors
Common stock has no maturity.