Question: answer all parts please (b) Explain why the expected return of a corporate bond does not equal its yield to maturity. [3 marks] (c) What

answer all parts please

answer all parts please (b) Explain why the expected return of a

(b) Explain why the expected return of a corporate bond does not equal its yield to maturity. [3 marks] (c) What are the Golden Parachute" and the "Phantom Stock"? [3 marks] (d) State Miller and Modigliani's proposition on dividend irrelevance. [3 marks]

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