Ajax Corphas a Bond with a Coupon Rate of 12%,maturing in in 15

question 113

Multiple Choice

Ajax Corp.has a bond with a coupon rate of 12%,maturing in 15 years at $1,000 per bond.The current market price is $960.What is the current yield?

• A) 12.8%
• B) 12.6%
• C) 12.0%
• D) 11.5%

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Definitions:

Purchase Behavior

The decision-making process and actions of consumers regarding the buying of products or services.

Latin America

A region that includes countries in the Americas where Romance languages are spoken, primarily Spanish and Portuguese.

Europe

A continent located entirely in the Northern Hemisphere and mostly in the Eastern Hemisphere, known for its varied geography, rich history, and cultural diversity.

Global Consumers

Consumer groups living in many countries or regions of the world who have similar needs or seek similar features and benefits from products or services.