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Question 23.23. (TCO 5) A(n) _____ market is one in which previously
issued financial securities are traded among investors. (Points : 4)
Question 24.24. (TCO 5) Last year, High-Tech Electronics earned
$1.50 per share. If the current market value for a share of stock is $60,
what is the firm's P/E ratio? (Points : 4)
Question 25.25. (TCO 5) Scott Turner has a bond with 10 years to
maturity, a face value of $1,000, an 8% interest rate, and a market
price of $800. What is the yield to maturity on this bond? (Points : 4)
Question 26.26. (TCO 5) An example of a junk bond is a(n) (Points :
Question 27.27. (TCO 5) What is the current yield for a $1,000
corporate bond that pays 9% and has a current market valu