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Calculate the annual interest and the current yield

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Question - The table below shows the information related to Hummingbird Company.

Compute the Issuance of stock.

Beginning stockholders' equity $35200

Ending stockholders' equity 50300

Issuance of stock

Net Income 13000

Dividends 3350

Last year, Kevin Smith purchased a $1000 corporate bond with an annual interest rate of 5.75%. The bond's current market price is $660.

Calculate the annual interest and the current yield. Round all answers to two decimal places.

Reference no: EM132599682

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