Finding Bond coupon rate, current rate, and yield to maturity.
1. If the one million additional shares can only be issued at $23 per there and the company can earn 6.0 percent on the proceeds, should the new issue be undertaken based on earnings per share?
2. Garland Corporation has a bond outstanding with a $90 annual interest payment, a market price of $820, and a maturity date in five years.
a. The coupon rate.
b. The current rate.
c. The approximate yield to maturity. - 1.