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

---

Definitions:

Moving Averages

A statistical technique used to smooth out short-term fluctuations and highlight longer-term trends or cycles in data.

Daily Sandwich Sales

The number of sandwiches sold in a specific location or establishment over the span of one day.

Sandwich Shop

A food establishment specializing in the preparation and sale of sandwiches.

Moving Average

A method to smooth out data by creating a continually updated average price or value over a specific period.