1. What is the coupon rate of an annual bond that has a yield to maturity of 8.5%, a current price of $942.32, a par value of $1,000 and matures in thirteen years?
A) 8.33% B) 8.50% C) 7.75% D) 7.67%
2. Pilgrim Corp. stock currently sells for $25 per share. The dividend is $1.00 per share and earnings per share are $3.00. The dividend yield is ________ and the the dividend payout ratio is
A) 4%, 33% B) 33%,4%. C) 12%, .48% D) 8.33%, 25%