Is the yield to maturity on a bond the same thing as the required return? is ytm the same thing as the coupon rate? suppose today a 10 percent coupon bond sells at par. two years from now, the required return on the same bond is 8 percent. what is the coupon rate on the bond? what is the ytm on the bond?

Which of the following statements is correct? stockholders should generally be happier than bondholders to have managers invest in risky projects with high potential returns as opposed to safe projects with lower expected returns. potential conflicts between stockholders and bondholders are increased if a firm's bonds are convertible into its common stock. takeovers are most likely to be attempted if the target firm’s stock price is above its intrinsic value. one advantage of operating a business as a corporation is that stockholders can deduct their pro rata share of the taxes the firm pays, thereby eliminating the double taxation investors would face in a partnership.