Harpeth Valley Water District has a bond outstanding with a coupon rate of 2.67 percent and semiannual payments The bond matures in 11 years, with a yield to maturity of 349 percent, and a par value of $5,000. What is the market price of the bond?
Multiple Choice
$4,641.36
$4,628.13
$4720.69
$4,635.25
$4.630.73
Hello Sir/ Mam
YOUR REQUIRED ANSWER IS OPTION B : $4,628.13
Given that:
Future Value = $5,000
Coupons = $66.75
Periods to maturity = 11*2 = 22
YTM = 1.745%
Using excel function, "=PV(3.49%/2,11*2,-2.67%*5000/2,-5000,0)", we get PV = $4,628.13
I hope this solves your doubt.
Feel free to comment if you still have any query or need something else. I'll help asap.
Do give a thumbs up if you find this helpful.
Harpeth Valley Water District has a bond outstanding with a coupon rate of 2.67 percent and semiannual payments
A bond has a par value of $1,000, a current yield of 7.13 percent, and semiannual coupon payments. The bond is quoted at 96.88. What is the coupon rate of the bond? Harpeth Valley Water District has a bond outstanding with a coupon rate of 3.31 percent and semiannual payments. The bond matures in 19 years, with a yield to maturity of 3.93 percent, and a par value of $5,000. What is the market price of the bond?
Lincoln Park Co. has a bond outstanding with a coupon rate of 5.84 percent and semiannual payments. The yield to maturity is 6.1 percent and the bond matures in 25 years. What is the market price if the bond has a par value of $2,000? Multiple Choice $1,972.41 $1,936.71 $1,939.26 $1,934.15 $1,933.73
Whatever, Inc., has a bond outstanding with a coupon rate of 5.75 percent and semiannual payments. The yield to maturity is 4.7 percent and the bond matures in 22 years. What is the market price if the bond has a par value of $1,000? Multiple Choice $1,142.07 $1,144.77 $1,143.01 $1,146.28 $1,165.87
Kasey Corp. has a bond outstanding with a coupon rate of 5.58 percent and semiannual payments. The bond has a yield to maturity of 6.8 percent, a par value of $2,000, and matures in 12 years. What is the quoted price of the bond? Multiple Choice 91.90 90.10 1,982.22 90.36 1,802.01
Whatever, Inc., has a bond outstanding with a coupon rate of 5.64 percent and semiannual payments. The yield to maturity is 6.1 percent and the bond matures in 15 years. What is the market price if the bond has a par value of $1,000?
Whatever, Inc., has a bond outstanding with a coupon rate of 5.68 percent and semiannual payments. The yield to maturity is 6.5 percent and the bond matures in 17 years. What is the market price if the bond has a par value of $1,000?
Whatever, Inc., has a bond outstanding with a coupon rate of 5.64 percent and semiannual payments. The yield to maturity is 6.1 percent and the bond matures in 15 years. What is the market price if the bond has a par value of $1,000?
2. Kasey Corp. has a bond outstanding with a coupon rate of 5.94 percent and semiannual payments. The bond has a yield to maturity of 5.1 percent, a par value of $2,000, and matures in 20 years. What is the quoted price of the bond?3. A bond with a current yield of 6.64 percent is quoted at 96.171. What is the coupon rate of the bond:?4. Footsteps Co. has a bond outstanding with a coupon rate of 5.7 percent and...
Whatever, Inc., has a bond outstanding with a coupon rate of 5.84 percent and semiannual payments. The yield to maturity is 6.1 percent and the bond matures in 25 years. What is the market price if the bond has a par value of $1,000? $968.35 $967.08 $969.63 $986.20 $966.87
Kasey Corp. has a bond outstanding with a coupon rate of 5.98 percent and semiannual payments. The bond has a yield to maturity of 5.5 percent, a par value of $2,000, and matures in 18 years. What is the quoted price of the bond?