1. You just purchased a ten-year Canadian government bond with 4% coupon rate at $968.94. The calendar...
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1. You just purchased a ten-year Canadian government bond with 4% coupon rate at $968.94. The calendar shows October 25, 2007. On June 30, 2006, the bond paid its last semi-annual coupon. If you have 365 days in a year, how much you actually pay for the bond?
2. If external funds are not available, what is the maximum dividend payout ratio for a firm with a return of equity of 15%, a debt-equity ratio of 60%, and an annual growth in sales of 9%?
Related Book For
Accounting
ISBN: 978-0324188004
21st Edition
Authors: Carl s. warren, James m. reeve, Philip e. fess
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