Suppose the following bond quote for IOU Corporation appears in the financial page of today’s newspaper....
Suppose the following bond quote for IOU Corporation appears in
the financial page of today’s newspaper. Assume the bond has a face
value of $1,000 and the current date is April 15, 2016.
| Company (Ticker) | Coupon | Maturity | Last Price | Last Yield | EST Vol (000s) | ||||||||||||||
| IOU (IOU) | 7.2 | Apr 15, 2029 | 104.368 | ?? | 1,842 | ||||||||||||||
What is the yield to maturity of the bond? (Do not round
intermediate calculations. Enter your answer as a percent rounded
to 2 decimal places, e.g., 32.16.)
YTM
%_______
What is the current yield? (Do not round intermediate
calculations. Enter your answer as a percent rounded to 2 decimal
places, e.g., 32.16.)
Current yield
%_______
Homework Answers
![# of years left to Maturity, NPER Annual coupon payments, PMT Bonds current trade price, PV$1,043.68 [$1,000 x 104.368%] Bonds Maturity value, FV Annual interest type, TYPE Bonds Yield to Maturity (YTM) 13 [Time gap between Apr. 15, 2016 and 2029] $72 [$1,000 x 7.2%) $1,000 [Par value] 0 =0 if coupons paid at the end of each year; 1 if coupons paid at the beginning of each year 6.69% Ref: NOTE Bonds Current Yield 6.90% [Coupon payment / Bonds current price-$72 / $1,043.68-0.0690-6.90%) NOTE Bonds Yield to Maturity (YTM) is calculated using EXCEL FUNCTION RATE(nper,pmt,pv,fv,type) where nper-13; pmt-72; pv=1043.68; fv=-1000, type:0, Here pmt & fv are negative as they denote cash inflows; pv is positive as it denotes outflow; type 0 as interest compounds at the end of each year only of years left to Maturity, NPER 13 [Time gap between Apr. 15, 2016 and 2029] ! 2 Bonds current trade price, PV 4 Annual coupon payments, PMT 3 -84*7.2% [$1,000 x 7.2%) -84*104.36896 [$1,000 x 104.36896] $1,000 [Par valuel Bonds Maturity value, FV 5 Annual interest type, TYPE 0 0 if coupons paid at the end of each year; 1 if coupons paid at the beginning of each year. Bonds Yield to Maturity (YTM) -RATE(B1,-B2,B3,-B4,B5) [Ref: NOTE] 6 7 8 Bonds Current Yield -B2/B3 [Coupon payment / Bonds current price $72 / $1,043.68-0.0690 6.9096]](http://img.homeworklib.com/questions/cf147110-6f9c-11ea-9325-9ffa5a437ed3.png?x-oss-process=image/resize,w_560)
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Suppose the following bond quote for IOU Corporation appears in
the financial page of today’s newspaper....
Suppose the following bond quote for IOU Corporation appears in the financial page of today’s newspaper....
Suppose the following bond quote for IOU Corporation appears in the financial page of today’s newspaper. Assume the bond has a face value of $1,000 and the current date is April 15, 2016. Company (Ticker) Coupon Maturity Last Price Last Yield EST Vol (000s) IOU (IOU) 8.2 Apr 15, 2029 104.863 ?? 1,847 What is the yield to maturity of the bond? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)...
Suppose the following bond quote for IOU Corporation appears in the financial page of today’s newspaper....
Suppose the following bond quote for IOU Corporation appears in the financial page of today’s newspaper. Assume the bond has a face value of $1,000, and the current date is April 15, 2016. Company (Ticker) Coupon Maturity Last Price Last Yield EST Vol (000s) IOU (IOU) 10.15 Apr 15, 2029 91.605 ?? 1,834 What is the yield to maturity of the bond? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g.,...
Suppose the following bond quote for IOU Corporation appears in the financial page of today’s newspaper....
Suppose the following bond quote for IOU Corporation appears in the financial page of today’s newspaper. Assume the bond has a face value of $1,000 and the current date is April 15, 2015. Company (Ticker) Coupon Maturity Last Price Last Yield EST Vol (000s) IOU (IOU) 8.2 Apr 15, 2031 104.86 ?? 1,847 What is the yield to maturity of the bond? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g.,...
Suppose the following bond quote for IOU Corporation appears in the financial page of today’s newspaper....
Suppose the following bond quote for IOU Corporation appears in the financial page of today’s newspaper. Assume the bond has a face value of $2,000, and the current date is April 15, 2019. Company (Ticker) Coupon Maturity Last Price Last Yield EST Vol (000s) IOU (IOU) 7.55 Apr 15, 2035 92.979 ?? 101 a. What is the yield to maturity of the bond? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places,...
Suppose the following bond quote for IOU Corporation appears in the financial page of today’s newspaper....
Suppose the following bond quote for IOU Corporation appears in the financial page of today’s newspaper. Assume the bond has a face value of $1,000, it makes semiannual interest payments, and the current date is April 15, 2019. Company (Ticker) Coupon Maturity Last Price Last Yield EST Vol (000s) IOU (IOU) 6.8 Apr 15, 2035 103.16 ?? 1,830 What is the yield to maturity of the bond? (Do not round intermediate calculations and enter your answer as a percent rounded...
Suppose the following bond quote for IOU Corporation appears in the financial page of today’s newspaper....
Suppose the following bond quote for IOU Corporation appears in the financial page of today’s newspaper. Assume the bond has a face value of $1,000 and the current date is April 15, 2012. Company (Ticker) Coupon Maturity Last Price Last Yield EST Vol (000s) IOU (IOU) 6.2 Apr 15, 2028 103.86 ?? 1,837 What is the yield to maturity of the bond? (Do not round intermediate calculations. Round your answer to 2 decimal places. (e.g., 32.16)) YTM % What is...
Suppose the following bond quote for IOU Corporation appears in the financial page of today's newspaper....
Suppose the following bond quote for IOU Corporation appears in the financial page of today's newspaper. Assume the bond has a face value of $1,000 and the current date is April 15, 2015 EST Vol (000s) 1,838 Company (Ticker) IOU (IOU) Coupon 6.4 Maturity Apr 15, 2031 Last Price Last Yield 103.96 ?? What is the yield to maturity of the bond? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g.,...
Suppose the following bond quote for IOU Corporation appears in the financial page of today's newspaper....
Suppose the following bond quote for IOU Corporation appears in the financial page of today's newspaper. Assume the bond has a face value of $1,000, and the current date is April 15, 2016 Company (Ticker) IOU (IOU) Coupon 7.30 Maturity Apr 15, 2041 Last Price 91.725 Last Yield 22 EST Vol (000s) 1.846 What is the yield to maturity of the bond? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g.,...
Suppose the following bond quote for IOU Corporation appears in the financial page of today's newspaper....
Suppose the following bond quote for IOU Corporation appears in the financial page of today's newspaper. Assume the bond has a face value of $2,000, and the current date is April 15, 2019. Company (Ticker) JOU (IOU) Last Yield Last Price 92.962 EST Vol (000s) Coupon 7.50 Maturity Apr 15, 2035 ?? 99 a. What is the yield to maturity of the bond? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places,...
Suppose the following bond quote for IOU Corporation appears in the financial page today's newspaper. Assume...
Suppose the following bond quote for IOU Corporation appears in the financial page today's newspaper. Assume the bond has a face value of $2,000, and the current date i April 15, 2019 Company (Ticker) IOU (OU) Last Yield Coupon 7.80 Last Maturity Price Apr 15, 204193.064 EST Vol (000s) 111 22 a. What is the yield to maturity of the bond? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)...
Suppose the following bond quote for IOU Corporation appears in the financial page of today's newspaper. Assume the bond has a face value of $1,000 and the current date is April 15, 2015 EST Vol (000s) 1,838 Company (Ticker) IOU (IOU) Coupon 6.4 Maturity Apr 15, 2031 Last Price Last Yield 103.96 ?? What is the yield to maturity of the bond? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g.,...
Suppose the following bond quote for IOU Corporation appears in the financial page of today's newspaper. Assume the bond has a face value of $1,000, and the current date is April 15, 2016 Company (Ticker) IOU (IOU) Coupon 7.30 Maturity Apr 15, 2041 Last Price 91.725 Last Yield 22 EST Vol (000s) 1.846 What is the yield to maturity of the bond? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g.,...
Suppose the following bond quote for IOU Corporation appears in the financial page of today's newspaper. Assume the bond has a face value of $2,000, and the current date is April 15, 2019. Company (Ticker) JOU (IOU) Last Yield Last Price 92.962 EST Vol (000s) Coupon 7.50 Maturity Apr 15, 2035 ?? 99 a. What is the yield to maturity of the bond? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places,...
Suppose the following bond quote for IOU Corporation appears in the financial page today's newspaper. Assume the bond has a face value of $2,000, and the current date i April 15, 2019 Company (Ticker) IOU (OU) Last Yield Coupon 7.80 Last Maturity Price Apr 15, 204193.064 EST Vol (000s) 111 22 a. What is the yield to maturity of the bond? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)...
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