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Common Stock , Rate of Return, Maintain a Constant, Dividend Yield, Simple Motors, Golf World, Required Rate, Required Return, Dividend Growth Rate, Tubby Corporation Stock. Its solved exam paper for Principles of Finance course.
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Provide the single best response to the following questions. Each question is worth 3.33 points.
Use the following to answer questions 10-11:
22. Lambert Co. issued 15-year bonds two years ago at an annual coupon rate of 8.4%. The bonds make semi-annual payments (payments twice a year), and currently sell for 84% of par value. What is the YTM of these bonds? A) 8.4% B) 7.06% C) 16.8% D) 14.1% E) 10.7%