Question: Shipping Inc issues a quarterly, 16 year bond with a par of 1,000 and a coupon rate of 13%. If the current price of the

Shipping Inc issues a quarterly, 16 year bond with a par of 1,000 and a coupon rate of 13%. If the current price of the bond is $1,337.45, then the yield to maturity on the bond is approximately 2.25%.

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A share of stock in a company that has a higher claim on assets and earnings than other stock issued by the company is known as common stock.

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True

False

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