West Corp. issued 25-year bonds two years ago at a coupon rate of 5.3 percent. The bonds make semiannual payments. If these bonds currently sell for 105 percent of par value, what is the YTM?

DTO, Inc., has sales of $41 million, total assets of $27 million, and total debt of $8 million.

a.	If the profit margin is 7 percent, what is the net income?

b.	What is the ROA?

c.	What is the ROE?

	Returns
Year	X			Y
1		12	%		25	%
2		28			34
3		9			13
4	–	7		–	27
5		10			14

  

Using the returns shown above, calculate the arithmetic average returns, the variances, and the standard deviations for X and Y. (Do not round intermediate calculations. Enter your average return and standard deviation as a percent rounded to 2 decimal places, e.g., 32.16, and round the variance to 5 decimal places, e.g., .16161.)