who can answer?

5. Paulette Woods purchased a $20,000 bond at 95.25. The bond has an annual interest rate of 7.5%. Find the annual yield to the nearest whole percent.

6%

7%

8%

9%

None of these choices are correct.

6. Monte owned stock in Hadley Corporation which paid an annual dividend of $5.15 per share. If the closing price per share was $52.50 in 2011, what was the yield% (to the nearest tenth of a percent)?

7.9%

8.5%

9.8%

10.2%

None of these choices are correct.

7. If a bond has a face value of $1,000 and a quoted price of 101.375, the bond is selling:

at par value.

at a premium.

at a discount.

at a bonus.

None of these choices are correct.