Douglas Dynamics Inc

question 62

Multiple Choice

Douglas Dynamics Inc.has outstanding $1,000 face value 8% coupon bonds that make semiannual payments,and have 14 years remaining to maturity.If the current price for these bonds is $1,118.74,what is the annualized yield to maturity?

• A)6.68%
• B)6.67%
• C)6.12%
• D)6.00%

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Definitions:

Public Members

Members of a class (methods or variables) that are accessible from any other class.

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The class from which another class (subclass) inherits fields and methods in object-oriented programming.

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An object or graphical user interface component that contains other items but can also refer to boxing conversion in programming, where a primitive type is converted into a corresponding wrapper class object.