What price should the bonds sell

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Reference no: EM131958411

1. Noncallable bonds that mature in 10 years were recently issued by Hoblit Inc. They have a par value of $1,000 and an annual coupon of 5.5%. If the current market interest rate is 7.0%, at what price should the bonds sell?

A. $829.21

B. $850.47

C. $872.28

D. $894.65

2. Jim has $1,000.00 income from his job and $200.00 stock dividend income this month. This month Jim has rent and utilities of $300.00, and he spent $300.00 on groceries and $200.00 on clothing. What is his cash inflow this month?

$500.00

$1,200.00

$400.00

$600.00

Reference no: EM131958411

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