Question: 9 . A certain mortgage - backed security has a yield to maturity of 1 3 . 5 percent but makes payments monthly. What is

9. A certain mortgage-backed security has a yield to maturity of 13.5 percent but makes payments monthly. What is its effective annual yield? 10. The Chock Full oNuts (CHF)7s2012 bonds have a conversion price of $9.54. What is their conversion ratio?
11. Suppose Chock Full oNuts common stock sells for $10 per share. What is the minimum value for which the bond in Problem 10 should sell?

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