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MMLU-Pro / 558 / Mr. Simmons has the choice of buying a 6(1/4), …

Problem

Answer published by the source. Consult the official source to check your work against its answer.

question

Mr. Simmons has the choice of buying a 6(1/4), $1,000 bond at 98, or 10 shares of 6% preferred stock, par valued at $100 per share, at 101. Which investment gives the greater effective yield? By how much? Perform all calculations to the nearest (1/10)%.
Plain-text mathematical notation (without MathML)
Mr. Simmons has the choice of buying a 6(1/4), $1,000 bond at 98, or 10 shares of 6% preferred stock, par valued at $100 per share, at 101. Which investment gives the greater effective yield? By how much? Perform all calculations to the nearest (1/10)%.
Original LaTeX notation
Mr. Simmons has the choice of buying a 6(1/4), $1,000 bond at 98, or 10 shares of 6% preferred stock, par valued at $100 per share, at 101. Which investment gives the greater effective yield? By how much? Perform all calculations to the nearest (1/10)%.

category

business

options

  1. The preferred stock
  2. The bond
  3. Both yield the same
  4. The preferred stock, by 0.7%
  5. The preferred stock, by 1.2%
  6. The bond, by 0.5%
  7. The bond, by 2.0%
  8. Cannot be determined from the information given
  9. The preferred stock, by 0.3%
  10. The bond, by 1.5%

src

stemez-Business

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Source and history

upstream_id / Original problem ID
558
task_id
aa9b5890-4427-5e7a-b4be-b181c4cdbde7
task_key
default--test--558
task_revision_id
1
config / split
default / test

Official source

initial import