A bond has a par value of $1000, a current yield of 6.60 percent, and semiannual coupon payments.
A bond has a par value of $1000, a current yield of 6.60 percent, and semiannual coupon payments. The bond is quoted at 9727 What is the amount of each coupon payment?
Multiple Choice
$33.00
$66.00
$64.20
$36.11
$32.10
Homework Answers
The amount of each coupon payment
The Current market price of the Bond
The Current market price of the Bond = Par Value of the Bond x Percentage of Bond quote
= $1,000 x 97.27%
= $972.70
Annual coupon payment
The Current yield on the Bond = Annual coupon payment / Current market price of the Bond
0.0660 = Annual coupon payment / $972.70
Therefore, the Annual coupon payment = $972.70 x 0.0660
Annual coupon payment = $64.20
The amount of each semi-annual coupon payment
The amount of each semi-annual coupon payment = Annual coupon payment x ½
= $64.20 x ½
= $32.10
“Hence, the amount of each semi-annual coupon payment will be $32.10”
Add Answer to:
A bond has a par value of $1000, a current yield of 6.60 percent, and semiannual coupon payments.
a bond has a par value of 1000 a current yield of 7.11 percent and semiannual...
a bond has a par value of 1000 a current yield of 7.11 percent and semiannual coupon payments the bond is quoted at 103.57. what is the amount of each coupon payment
A bond has a par value of $1,000, a current yield of 6.87 percent, and semiannual...
A bond has a par value of $1,000, a current yield of 6.87 percent, and semiannual coupon payments. The bond is quoted at 100.78. What is the amount of each coupon payment?
A bond has a par value of $1,000, a current yield of 6.93 percent, and semiannual...
A bond has a par value of $1,000, a current yield of 6.93 percent, and semiannual coupon payments. The bond is quoted at 101.56. What is the amount of each coupon payment?
A bond has a par value of $1,000, a current yield of 8.15 percent, and semiannual coupon payments. The bond is quoted at 103.51. What is the coupon rate of the bond?
1. A bond has a par value of $1,000, a current yield of 8.15 percent, and semiannual coupon payments. The bond is quoted at 103.51. What is the coupon rate of the bond?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 bond has a par value of $1,000, a current yield of 767 percent, and semiannual...
A bond has a par value of $1,000, a current yield of 767 percent, and semiannual coupon payments. The bond is quoted at 100.39. What is the coupon rate of the bond? Multiple Choice o 767% o О 15.40% o О 15.34% o 0 770% o OB.66%
A bond has a par value of $1,000, a current yield of 7.13 percent, and semiannual...
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?
A bond has a par value of $1,000, a current yield of 6.25percent, and semiannual...
A bond has a par value of $1,000, a current yield of 6.25 percent, and semiannual interest payments. The bond quote is 100.8. What is the amount of each coupon payment? $63.00 $31.25 $37.50 $62.50 $31.50
Kasey Corp. has a bond outstanding with a coupon rate of 5.58 percent and semiannual payments....
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
Kasey Corp. has a bond outstanding with a coupon rate of 5.94 percent and semiannual payments.
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 5.75 percent and semiannual payments. The yield to maturity...
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
A bond has a par value of $1,000, a current yield of 767 percent, and semiannual coupon payments. The bond is quoted at 100.39. What is the coupon rate of the bond? Multiple Choice o 767% o О 15.40% o О 15.34% o 0 770% o OB.66%
Most questions answered within 3 hours.
-
A company deposits $6,000 in a bank at the end of every year for
10 years....
asked 1 minute from now -
What are some strategies for eliminating service barriers?
By using your knowledge of
behavioral styles, please...
asked 6 minutes ago -
What are the decimal numbers for 159, 150, 200, 113, 225, 87,
106, 81 when converted...
asked 15 minutes ago -
Calculate and plot the number and weight distributions of x-mers
found in a step-growth polymerization for...
asked 34 minutes ago -
The Baily Corporation has developed a specialized software
program that improves inventory control capability. The following...
asked 38 minutes ago -
Problem 5-4A (Part Level Submission) Wolford Department Store is
located in midtown Metropolis. During the past...
asked 38 minutes ago -
Preparation of Benzoic Acid using a Grignard Reagent URGENT
1. During your Grignard formation, a small...
asked 1 hour ago -
A uniform magnetic field is perpendicular to the plane of a wire
loop. If the loop...
asked 1 hour ago -
At the peak of your career, your were earning $120,000 and
holding a top level position....
asked 1 hour ago -
. A permanent magnet is dropped south-end-down through a horizontal
circular coil with a radius of...
asked 1 hour ago -
Bernie's Beverages purchased some fixed assets classified as
5-year property for MACRS. The assets cost $28,000....
asked 1 hour ago -
How many ATPs are produced from the catabolism of a 10-C
molecule of fatty acid under...
asked 1 hour ago