Homework Answers
Option (a) is correct
Serial bonds are bonds that mature on several different dates. A portion of serial bonds get matures at regular periods or dates and all the outstanding amount gets matured gradually and completely. Usually serial bonds are used when the company or project has income or cash flows to make the repayment of bonds at regular intervals.
Option (b) is incorrect as serial bonds have different maturity dates.
Option (c) is incorrect as it is not necessary that serial bonds must be matured.
Option (d) is incorrect as term bonds are not serial bonds. Term bonds mature after a fixed term.
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QUESTION 9 Serial bonds are bonds that mature on several different dates. all have the same...
A municipal bond issue has a serial component when: a. holders of the bonds must report the serial numbers of the bonds...
A municipal bond issue has a serial component when: a. holders of the bonds must report the serial numbers of the bonds to the Internal Revenue Service (also called registered bonds). b. tax revenues are pledged for repayment. c. the issue has bonds of varying terms to maturity. d. only a single coupon rate will be paid.
1 QUESTION 2 Term bonds are O bonds that have a single maturity date. bonds secured by specific assets of the issui...
1 QUESTION 2 Term bonds are O bonds that have a single maturity date. bonds secured by specific assets of the issuing corporation. issued only by the federal government. issued on the general credit of the corporation and do not pledge certain assets as collateral.
can anyone help me to solve these q?please!! Question 9 Southern Island's bonds have a face...
can anyone help me to solve these q?please!!
Question 9 Southern Island's bonds have a face value of $1,000, pay coupon annually with an annual coupon of $70 and mature in 15 years. What is the current price of the bond if the yield to maturity is 6.2 percent? Question 10 Trading Game Incorporated has $1,000 face value bonds outstanding with a market price of $1,082.27. The bonds pay coupon semi-annually, mature in 10 years, and have a yield to...
ABC Corp has issued 10-year and 15-year bonds that mature on the same day and have...
ABC Corp has issued 10-year and 15-year bonds that mature on the same day and have the exactly same yield to maturity. If the current price of the 10-year bond is $889.60 and of the 15-year bond is $1,194.24, then which one of the bonds has a higher coupon rate?
2. Thatcher Corporation’s bonds will mature in 20 years. The bonds have a face value of...
2. Thatcher Corporation’s bonds will mature in 20 years. The bonds have a face value of $1,000 and an 9% coupon rate, paid semiannually. The price of the bonds is $1,350. The bonds are callable in 5 years at a call price of $1,250. What is their yield to maturity? What is their yield to call?
Term Answer Description Zero coupon bond This term is used for bonds that are secured by a specific asset that the bond...
Term Answer Description Zero coupon bond This term is used for bonds that are secured by a specific asset that the bond issuer owns. Equipment Trust Certificate This type of municipal bond is backed by the full faith and credit of the issuing municipality. The coupon payments are likely to paid by the taxes that the municipality collects. Sinking Fund This is a bond provision that specifies the annual repayment schedule that will be used to service the bond and...
Thatcher Corporation's bonds will mature in 11 years. The bonds have a face value of $1,000...
Thatcher Corporation's bonds will mature in 11 years. The bonds have a face value of $1,000 and an 9% coupon rate, paid semiannually. The price of the bonds is $1,050. The bonds are callable in 5 years at a call price of $1,050. Round your answers to two decimal places. What is their yield to maturity? % What is their yield to call? %
Swoot, Inc issued serial bonds on January 1, 2020 that mature 5 years later on December...
Swoot, Inc issued serial bonds on January 1, 2020 that mature 5 years later on December 31, 2024. There are 2,500 bond issued with a face value per bond of $1,000. The stated rate is 8% and the market rate is 9%. In the box below, provide the journal entry for December 31, 2022 (round all numbers to the whole dollar using 5/4 rounding and no commas, enter debits as positive number and enter credits in brackets "O"). HTML Editor...
make that sells for par value. What is the maturity on th A. The bond must mature in 1 year B. The band could have...
make that sells for par value. What is the maturity on th A. The bond must mature in 1 year B. The band could have any maturity date. C. The bond must mature in 5 years. D. The bond must mature in 10 years. E. None of these are correct. 7. You want to buy a new sports coupe for $84,600, and the finance office at the dealership has quoted you a 7.1 APR loan for 48 months to buy...
2. S.S. Corporation’s bonds will mature in 15 years. The bonds have a face value of...
2. S.S. Corporation’s bonds will mature in 15 years. The bonds have a face value of $1,000 and an 6.5 percent coupon rate, paid semiannually. The price of the bonds is $1,050. What is the yield to maturity? 5.99% Please show all worked typed. I can not see much on mobile
1 QUESTION 2 Term bonds are O bonds that have a single maturity date. bonds secured by specific assets of the issuing corporation. issued only by the federal government. issued on the general credit of the corporation and do not pledge certain assets as collateral.
can anyone help me to solve these q?please!!
Question 9 Southern Island's bonds have a face value of $1,000, pay coupon annually with an annual coupon of $70 and mature in 15 years. What is the current price of the bond if the yield to maturity is 6.2 percent? Question 10 Trading Game Incorporated has $1,000 face value bonds outstanding with a market price of $1,082.27. The bonds pay coupon semi-annually, mature in 10 years, and have a yield to...
Term Answer Description Zero coupon bond This term is used for bonds that are secured by a specific asset that the bond issuer owns. Equipment Trust Certificate This type of municipal bond is backed by the full faith and credit of the issuing municipality. The coupon payments are likely to paid by the taxes that the municipality collects. Sinking Fund This is a bond provision that specifies the annual repayment schedule that will be used to service the bond and...
Swoot, Inc issued serial bonds on January 1, 2020 that mature 5 years later on December 31, 2024. There are 2,500 bond issued with a face value per bond of $1,000. The stated rate is 8% and the market rate is 9%. In the box below, provide the journal entry for December 31, 2022 (round all numbers to the whole dollar using 5/4 rounding and no commas, enter debits as positive number and enter credits in brackets "O"). HTML Editor...
make that sells for par value. What is the maturity on th A. The bond must mature in 1 year B. The band could have any maturity date. C. The bond must mature in 5 years. D. The bond must mature in 10 years. E. None of these are correct. 7. You want to buy a new sports coupe for $84,600, and the finance office at the dealership has quoted you a 7.1 APR loan for 48 months to buy...
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