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Curtis Corporation's noncallable bonds currently sell for S1, 165. They have a 15-year maturity, an annual coupon of $95, and a par value of $1,000. What is their yield to maturity? a. 7.62% b. 7.24% c. 6.87% d 6.20% e. 6.53% Cyberhost Corporation's sales were $225 million last year If sales grow at 6% per year, how large (in millions) will they be 5 years later? a. $316.16 b. $286.05 c. $301.10 d.$271.74 e. $331.96 Companies Heidee and Leaudy have the same tax rate, sales, total assets, and basic earning power. Both companies have positive net incomes. Company Heidee has a higher debt ratio and, therefore, a higher interest expense. Which of the following statements is CORRECT? a. Company Heidee has a lower times interest earned (TIE) ratio. b. Company Heidee has a lower ROE. c. Company Heidee has more net income d. Company Heidee has a lower equity multiplier. e. Company Heidee pays more in taxes. Money markets are markets for a. Foreign stocks. b. US stocks. c. Long-term bonds. d. Short-term debt securities e. Consumer automobile loans.
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