A $1,000 face value, 6.4% coupon bond pays interest semi-annually and matures in ten years.  It has a yield-to-maturity of 7.1325%.  The bond's price is closest to  $920 $1,203 $1,061 $948   2.  Pilgrim Corp. stock currently sells for $25 per share?  The annual dividend payment is $1.00 per share and earnings per share are $3.00.  What is the dividend payout ratio?

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter6: Fixed-income Securities: Characteristics And Valuation
Section: Chapter Questions
Problem 16P
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A $1,000 face value, 6.4% coupon bond pays interest semi-annually and matures in ten years.  It has a yield-to-maturity of 7.1325%.  The bond's price is closest to 

$920
$1,203
$1,061
$948
 
2. 
Pilgrim Corp. stock currently sells for $25 per share?  The annual dividend payment is $1.00 per share and earnings per share are $3.00.  What is the dividend payout ratio? 
 
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