What was unique about Porterfield’s 1943 study?

Terry believes that the criminal justice system should protect society from people who commit crime and that the way to do that is to incarcerate as many people as possible to keep society safe. What philosophy does Terry’s perspective exemplify? 

The rate of crime estimated by the National Crime Victimization Survey is _______ the rate estimated by the Uniform Crime Reports.

A bond with a face value of $1,000 matures in 30 years and has a 9.8 percent semiannual coupon.  (That is, the bond pays a $49.00 coupon every six months.)   The bond has a nominal yield to maturity of 9.5 percent, and it can be called in 2 years at a call price of $1,014.00.  What is the bond’s nominal yield to call?

The last dividend paid by Klein Company was $1.9.  Klein’s growth rate is expected to be  a constant 4 percent for 5 years, after which dividends are expected to grow at a rate  of 5 percent forever.  Klein’s required rate of return on equity (rs) is 13.9 percent.   What is the current price of Klein’s common stock? 

A stock with a required rate of return of 13.4 percent sells for $31 per share. The stock’s  dividend is expected to grow at a constant rate of 1.2 percent per year. What is the  expected year-end dividend, D1, on the stock?

Palmer Products has outstanding bonds with an annual 11.4 percent coupon.  The bonds have a par value of $1,000 and a price of $1,374.  The bonds will mature in   14 years. What is the yield to maturity on the bonds?

A 4-year bond has a 3 percent annual coupon, a yield to maturity of 12 percent, and a face value of $1,000.  What is the price of the bond?

A corporate bond has a face value of $1,000, and pays a $74 coupon semiannually (that is, the bond has a 14.8 percent coupon).  The bond matures in 27 years and sells at a price of $1,300.  What is the bond’s nominal yield to maturity?

Meade Corporation bonds mature in 22 years and have a yield to maturity of 8.2 percent.  The par value of the bonds is $1,000.  The bonds have a 7 percent coupon rate and pay  interest on a semiannual basis.  What are the current yield and capital gains yield on the  bonds for this year? (Assume that interest rates do not change over the course of the  year.)