Harold Reese must choose between two bonds: Bond X pays $82 annual interest and has a market value of $935. It has 12 years to maturity. Bond Z pays $75 annual interest and has a market value of $920. It has eight years to maturity. Assume the par value of the bonds is $1,000. a. Compute the current yield on both bonds. (Do not round intermediate calculations. Input your answers as a percent rounded to 2 decimal places.) b. Which bond should he select based on your answers to part a

a)Bond X=8.77%; Bond Z=8.15%

b) Bond X

Explanation:

We will first Calculate the Current Yield of both bonds

Current Yield on Bond X = Annual Interest / Market Value

= 82 / 935 =0.0877 x100%= 8.77%

Current Yield on Bond Z = Annual Interest / Market Value

= 75 / 920

= 0.0815217391 X 100%=8.15%

(b.) Harold Reese should choose Bond X as it has higher current yield of 8.77%

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1) the stages a new product goes through from beginning to end, i.e., the stages that a product passes through from introduction through growth, maturity, and decline. 2) the time from initial research and development to the time at which sales and support of the product to customers are withdrawn. 3) the period of time during which a product can be produced and marketed profitably.

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