Ringtones Inc

question 43

Multiple Choice

Ringtones Inc.wishes to issue new bonds but is uncertain how the market would set the yield to maturity.The bonds would be 20-year,7% annual coupon bonds with a $1,000 par value.The firm has determined that these bonds would sell for $1,050 each.What is the yield to maturity for these bonds?

• A)7.00%
• B)6.55%
• C)7.35%
• D)6.54%

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Definitions:

Forebrain

Evolutionarily the most recent addition to the brain; coordinates advanced cognitive functions such as thinking, planning, and language; contains the allocortex, neocortex, and basal ganglia.

Midbrain

Central part of the brain; contains neural circuits for hearing and seeing as well as for orienting movements.

Hindbrain

Evolutionarily the oldest part of the brain; contains the pons, medulla, reticular formation, and cerebellum, the structures that coordinate and control most voluntary and involuntary movements.

Brain Development

The process by which the brain grows and matures, involving changes in structure, size, and function from prenatal life through adulthood.