Exhibit 23.5 Use the Information Below for the Following Problem(S)

question 39

Multiple Choice

Exhibit 23.5
Use the Information Below for the Following Problem(S)
Exclusive Industries has debentures outstanding (par value $1,000.00) convertible into exclusive's common stock at $30. The coupon rate is 11% payable semiannually and they mature in 10 years.
-Refer to Exhibit 23.5.Calculate the straight-bond value assuming that bonds of equivalent risk and maturity are yielding 13% per year compounded semiannually.

• A) $942.65
• B) $902.65
• C) $889.82
• D) $796.83
• E) $757.37

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Definitions:

Forearm

The lower part of the arm extending from the elbow to the wrist.

Supination

The outward rotation of the forearm or foot that results in the palm or sole facing upwards or forwards, respectively.

Pronation

Rotation of the forearm so that the anterior surface is down (prone).

Radius

A bone in the forearm that extends from the lateral side of the elbow to the thumb side of the wrist.