BUSN 380 study Great Stories/busn380study.com BUSN 380 study Great Stories/busn380study.com | Page 76

b. Assuming that Bill did use margin, paid $90 commission to sell his
stock, and sold his Wal-Mart stock for $53, how much profit did he
make on his Wal-Mart investment?
6. Calculating yields. Assume you purchased a corporate bond at its
current market price of $850 on January 2, 2002. It pays 9 percent
interest and it will mature on December 31, 2011, at which time the
corporation will pay you the face value of $1,000.
a. Determine the current yield on your bond investment at the time of
purchase.
b. Determine the yield to maturity on your bond investment.
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BUSN 380 Week 4 Quiz Set 1
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Question 1. Question : (TCO 5) Which of the following statements is
false?