1 x co s bond has a coupon rate of 6 year payable semiannually the bon
X-Co's bond has a coupon rate of 6%/year payable
semiannually. The bond is currently selling for 99 and has 10
years to maturity, A) Is its market rate > or < 6%? B) Is the market
rate a lot or a little > or < 6%? Note: “>” is greater than and “<” is
2. X-Co is offering a unique perpetual bond that will pay $30
next year, and the $30 will grow at 1.0%/year in the future. If the
market rate is 4.15%/year, what is its current market price?
3. Last year X-Co's sales fell 10%, but its net profit fell 69%. In
a few words, what is the most likely explanation for this disparity?
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