Quigley Inc

question 23

Multiple Choice

Quigley Inc.'s bonds currently sell for $1,080 and have a par value of $1,000.They pay a $100 annual coupon and have a 15-year maturity,but they can be called in 5 years at $1,125.What is their yield to maturity (YTM) ?

• A)8.56%
• B)9.01%
• C)9.46%
• D)9.93%

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Definitions:

Societal Expectations

Refers to the anticipated behaviors and roles that society presumes individuals will follow based on cultural norms and traditions.

Conscious Mind

The aspect of the mind that is aware of the self, one's surroundings, and one's thoughts, feelings, and experiences at any given moment.

Reality Principle

The goals of the conscious mind, which finds what works in reality.

Structural Model

Sigmund Freud’s model of the mind with three parts: the id (or “it”), the ego (or “I”), and the super-ego (or “above I”).