A bond issued by a corporation on may 1 1999 is scheduled, Financial Management

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A bond issued by a corporation on may 1 1999 is scheduled

1. Buying Stock with a Market Order You would like to buy shares of Ralph Lauren (RL). The current bid and ask quotes are $85.18 and $85.30, respectively. You place a market buy-order for 500 shares that executes at these quoted prices. How much money did it cost to buy these shares?

$60

$42,590

$42,650

$85,240

2. Time to Maturity A bond issued by a corporation on May 1, 1999 is scheduled to mature on May 1, 2034. If today is May 2, 2009, what is this bond's time to maturity?

9 years

34 years

35 years

25 years

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Financial Management: A bond issued by a corporation on may 1 1999 is scheduled

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Financial Management: A bond issued by a corporation on may 1 1999 is scheduled

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