Homework Answers
Calculating Bond Value,
using TVM Calculation,
PV = [FV = 1,000, PMT = 5, N = 44, I = 0.035/2]
PV = $618.65
So,
Bond Value = $618.65
Please "Like" if you find this helpful and comment if you have any doubts.
Add Answer to:
The Canton bond is a 1% coupon bond with semiannual coupon payments that matures in 22...
A bond with a coupon rate of 5.43 percent and semiannual coupon payments matures in 18...
A bond with a coupon rate of 5.43 percent and semiannual coupon payments matures in 18 years. The YTM is 6.55 percent. What is the effective annual yield?
A bond with a coupon rate of 5.28 percent and semiannual coupon payments matures in 15...
A bond with a coupon rate of 5.28 percent and semiannual coupon payments matures in 15 years. The YTM is 6.46 percent. What is the effective annual yield?
A bond with a coupon rate of 5.32 percent and semiannual coupon payments matures in 16...
A bond with a coupon rate of 5.32 percent and semiannual coupon payments matures in 16 years. The YTM is 6.49 percent. What is the effective annual yleld? 0 6.49% 5.32% 5.39% o 686% 6.60%
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...
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...
QUESTION 15 Acme issues a $300,000 bond with a 5% coupon payment with a maturity of...
QUESTION 15 Acme issues a $300,000 bond with a 5% coupon payment with a maturity of 20 years. The bond is issued at 97%, but callable after five years at 103. Assuming it is called after five years at 103, what is the total interest expense for the bond issue? O a. $309,000 b. $93,000. O c. $90,750 d. $75,000. QUESTION 16 The Benson bond is a 1% coupon bond with semiannual coupon payments that matures in 22 years. If...
Broke Benjamin Co. has a bond outstanding that makes semiannual payments with a coupon rate of...
Broke Benjamin Co. has a bond outstanding that makes semiannual payments with a coupon rate of 6.3 percent. The bond sells for $1,031.92 and matures in 19 years. The par value is $1,000. What is the YTM of the bond? Multiple Choice 3.01% 4.51% 5.41% 6.02% 5.72%
A 4.5% semiannual coupon bond and face value of $1000 trades at $1200. It matures in...
A 4.5% semiannual coupon bond and face value of $1000 trades at $1200. It matures in 6 years. What is its yield to maturity (YTM)? Answer to the nearest hundreth of a percent.
An 8% semiannual coupon bond matures in 5 years. The bond has a face value of...
An 8% semiannual coupon bond matures in 5 years. The bond has a face value of $1,000 and a current yield of 8.2296%. What are the bond's price and YTM? (Hint: Refer to Footnote 6 for the definition of the current yield and to Table 7.1) Do not round intermediate calculations. Round your answer for the bond's price to the nearest cent and for YTM to two decimal places. Bond's price: $ YTM:
An 8% semiannual coupon bond matures in 5 years. The bond has a face value of...
An 8% semiannual coupon bond matures in 5 years. The bond has a face value of $1,000 and a current yield of 8.1899%. What are the bond's price and YTM? (Hint: Refer to Footnote 6 for the definition of the current yield and to Table 7.1) Do not round intermediate calculations. Round your answer for the bond's price to the nearest cent and for YTM to two decimal places. Bond’s price: $ YTM: %
A bond with a coupon rate of 5.32 percent and semiannual coupon payments matures in 16 years. The YTM is 6.49 percent. What is the effective annual yleld? 0 6.49% 5.32% 5.39% o 686% 6.60%
QUESTION 15 Acme issues a $300,000 bond with a 5% coupon payment with a maturity of 20 years. The bond is issued at 97%, but callable after five years at 103. Assuming it is called after five years at 103, what is the total interest expense for the bond issue? O a. $309,000 b. $93,000. O c. $90,750 d. $75,000. QUESTION 16 The Benson bond is a 1% coupon bond with semiannual coupon payments that matures in 22 years. If...
An 8% semiannual coupon bond matures in 5 years. The bond has a face value of $1,000 and a current yield of 8.2296%. What are the bond's price and YTM? (Hint: Refer to Footnote 6 for the definition of the current yield and to Table 7.1) Do not round intermediate calculations. Round your answer for the bond's price to the nearest cent and for YTM to two decimal places. Bond's price: $ YTM:
Most questions answered within 3 hours.
-
Dividing Partnership Net Loss
Leigh Meadows and Byron Leef formed a partnership in which the
partnership...
asked 10 seconds ago -
10. Two forces act on a 3 kg object, the gravitational force and
a second, constant...
asked 3 minutes ago -
Discuss how Entrepreneurial leadership style differs
from traditional leadership?
asked 26 minutes ago -
A futuristic design for a car is to have a large solid
disk-shaped flywheel within the...
asked 24 minutes ago -
Solid NaOH is added to a solution of 0.50 M acetic acid until
the pH of...
asked 27 minutes ago -
Which of the following statements is not a characteristic of the
Internal Revenue Code?
A) The...
asked 35 minutes ago -
Say true or false and explain it.
A heap is represented using an array. The array...
asked 45 minutes ago -
Explain how the DNA replication enzyme complex is organized and
functions, please don't copy paste from...
asked 44 minutes ago -
how
can personality contribute to one scoring high on the need to
evaluate measurement by Jarvis?
asked 45 minutes ago -
A high jumper is attempting to jump over a crossbar that is
placed at a height...
asked 49 minutes ago -
1.
A hemophiliac male mates with a healthy female. what are the
possible genotypes for the...
asked 1 hour ago -
You could argue that even though Rockefeller clearly had
enormous market power (90% of the market)...
asked 1 hour ago