Suppose hockey skates sell in Canada for 105 Canadian dollars, and 1 Canadian dollar equals 0.71 U.S. dollars. If purchasing power parity (PPP) holds, what is the price of hockey skates in the United States?

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Quiz I have a few questions that need answered.

 

                   (TCO F) Upstate Water Company just sold a bond with 50 warrants attached. The bonds have a 20-year maturity and an annual coupon of 12%, and they were issued at their $1,000 par value. The current yield on similar straight bonds is 15%. What is the implied value of each warrant

(a) $3.76
(b) $3.94
(c) $4.14
(d) $4.35
(e) $4.56                    

 

 

 

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