1. Kiss the Sky Enterprises has bonds on the market making annual payments, with 9 years to maturity, and selling for $780. At this price, the bonds yield 11.0 percent. What must the coupon rate be on the bonds?
A.7.03% B. 9.01% C.14.05% D 11.00% E 7.13%
2. Ackerman Co. has 6 percent coupon bonds on the market with eleven years left to maturity. The bonds make annual payments. If the bond currently sells for $946.72, what is its YTM? Assume a par value of $1,000.
a. 6.70% b. 5.31% c. 7.31% d. 6.34% e. 5.64%
3. For a statistical test of hypotheses which statement about the P-value is true?
a .The P-value =0.5
b. The P-value is the probability that the altemate hypothesis is true.
c. The null hypothesis is rejected if the calculated P-valuc is small enough.
d. The null hypothesis is rejected if the calculated P value is large enough.