1. Average Return The past five monthly returns for K and Company are 5.65 percent, 5.53 percent, -.65 percent, 4.65 percent, and 8.65 percent. What is the average monthly return?
a) 4.766%
b) 2.094%
c) 1.986%
d) 5.026%
2. The market price of a bond is $875. The bonds have a 4.25% coupon rate paid semi-annually and mature in six years. What is current yield for this bond?
A. 8.9%
B. 4.3%
C. 4.8%
D. 9.2%