Homework Answers
Maturity=NPER(9%/4,11.4%/4*18000,-20225.65,18000)=28 or 7 years
P=PV(9%/4,7*4,4.5%*18000/4,18000)=13826.91
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(1 point) Two bonds, each with a face value of $18000, are redeemable at par in...
(1 point) Two bonds, each with a face value of $16000, are redeemable at par in...
(1 point) Two bonds, each with a face value of $16000, are redeemable at par in t-years and priced to yield 44 = 10%. Bond 1 has a coupon rate C4 = 12% and sells for $17884.50. Bond 2 has coupon rate C4 = 4.2% and sells for $ P. What is the value of P? Answer: $
Two bonds, each with a face value of $17000, are redeemable at par in t-years and...
Two bonds, each with a face value of $17000, are redeemable at par in t-years and priced to yield y4 = 10%. Bond 1 has a coupon rate c4 = 11.9% and sells for $18444.21. Bond 2 has coupon rate c4 = 4.1% and sells for $ P. What is the value of P?
(1 point) Two bonds, each with a face value of $11000, are redeemable at par in...
(1 point) Two bonds, each with a face value of $11000, are redeemable at par in t- years and priced to yield y2-696. Bond i has a coupon rate c2-11.1% and sells for $14523.39. Bond 2 has coupon rate c2-3.7% and sells for $ What is the value of P? Answer: $
Two bonds, each with a face value of $17000, are redeemable at par in n-years and...
Two bonds, each with a face value of $17000, are redeemable at par in n-years and priced to yield j12 = 14.4%. Bond 1 has a coupon rate j12 = 24% and sells for $22793.11. Bond 2 has coupon rate j12 = 7.2% and sells for $ P. What is the value of P?
(1 point) A 10 year $11 000 par-valued bond pays monthly coupons. If the yield rate...
(1 point) A 10 year $11 000 par-valued bond pays monthly coupons. If the yield rate is y 12-9% and the purchase price is $7381.84, what is the coupon rate c12? Answer: (1 point) Two bonds, each with a face value of $13000, are redeemable at par in t-years and priced to yield y4-8%. Bond 1 of P? has a coupon rate c4-11.8% and sells for $15628.24. Bond 2 has coupon rate c-5% and sells for S R What is...
(1 point) Two 1000 dollar face value bonds are both redeemable at par, with the first...
(1 point) Two 1000 dollar face value bonds are both redeemable at par, with the first having a redemption date 3 years prior to the redemption date of the second. Both are bought to yield 11.7 percent convertible semiannually. The first bond sells for 802.61 dollars and pays coupons at 8.3 precent convertible semiannually. The second bond pays coupons at 5.2 percent per half year. What is the price of the second bond?
(1 point) A 11-year bond with a face value of $1000 is redeemable at twice par...
(1 point) A 11-year bond with a face value of $1000 is redeemable at twice par and pays coupons semi-annually at C2 = 10.3 %. If the yield rate is y2 = 6.9 %, find the book value of the bond immediately after the payment of the 11th coupon. Answer: $
(1 point) A 9-year bond with a face value of 1000 dollars is redeemable at par,...
(1 point) A 9-year bond with a face value of 1000 dollars is redeemable at par, pays coupons at 5.9 percent per 6 months, and has a yield rate of 7.6 percent convertible semiannually. Suppose the book value immediately after the payment of the 7th coupon is equal to the price of a perpetuity (at the time of the 7th coupon) that will start making annual payments one year after the 7th coupon. If the perpetuity earns interest at 3.9...
(1 point) An investor purchases two bonds with the following properties: Bond 1: Has a face...
(1 point) An investor purchases two bonds with the following properties: Bond 1: Has a face value $1000 and is redeemable at par. Pays coupons annually at a rate of 8.4% annual and was purchased for $1276.13 Bond 2: Has a face value $1000 and is redeemable at par. Pays coupons annually at a rate of 5.6% annual and was purchased for $1058.34 If both bonds mature in the same number of years and the investor yields the same rate...
(1 point) An investor purchases two bonds with the following properties: Bond 1: Has a face...
(1 point) An investor purchases two bonds with the following properties: Bond 1: Has a face value $1000 and is redeemable at par. Pays coupons annually at a rate of 8% annual and was purchased for $1084.58. Bond 2: Has a face value $1000 and is redeemable at par. Pays coupons annually at a rate of 6.4% annual and was purchased for $996.7. If both bonds mature in the same number of years and the investor yields the same rate...
(1 point) Two bonds, each with a face value of $16000, are redeemable at par in t-years and priced to yield 44 = 10%. Bond 1 has a coupon rate C4 = 12% and sells for $17884.50. Bond 2 has coupon rate C4 = 4.2% and sells for $ P. What is the value of P? Answer: $
(1 point) Two bonds, each with a face value of $11000, are redeemable at par in t- years and priced to yield y2-696. Bond i has a coupon rate c2-11.1% and sells for $14523.39. Bond 2 has coupon rate c2-3.7% and sells for $ What is the value of P? Answer: $
(1 point) A 10 year $11 000 par-valued bond pays monthly coupons. If the yield rate is y 12-9% and the purchase price is $7381.84, what is the coupon rate c12? Answer: (1 point) Two bonds, each with a face value of $13000, are redeemable at par in t-years and priced to yield y4-8%. Bond 1 of P? has a coupon rate c4-11.8% and sells for $15628.24. Bond 2 has coupon rate c-5% and sells for S R What is...
(1 point) Two 1000 dollar face value bonds are both redeemable at par, with the first having a redemption date 3 years prior to the redemption date of the second. Both are bought to yield 11.7 percent convertible semiannually. The first bond sells for 802.61 dollars and pays coupons at 8.3 precent convertible semiannually. The second bond pays coupons at 5.2 percent per half year. What is the price of the second bond?
(1 point) A 11-year bond with a face value of $1000 is redeemable at twice par and pays coupons semi-annually at C2 = 10.3 %. If the yield rate is y2 = 6.9 %, find the book value of the bond immediately after the payment of the 11th coupon. Answer: $
(1 point) A 9-year bond with a face value of 1000 dollars is redeemable at par, pays coupons at 5.9 percent per 6 months, and has a yield rate of 7.6 percent convertible semiannually. Suppose the book value immediately after the payment of the 7th coupon is equal to the price of a perpetuity (at the time of the 7th coupon) that will start making annual payments one year after the 7th coupon. If the perpetuity earns interest at 3.9...
(1 point) An investor purchases two bonds with the following properties: Bond 1: Has a face value $1000 and is redeemable at par. Pays coupons annually at a rate of 8.4% annual and was purchased for $1276.13 Bond 2: Has a face value $1000 and is redeemable at par. Pays coupons annually at a rate of 5.6% annual and was purchased for $1058.34 If both bonds mature in the same number of years and the investor yields the same rate...
(1 point) An investor purchases two bonds with the following properties: Bond 1: Has a face value $1000 and is redeemable at par. Pays coupons annually at a rate of 8% annual and was purchased for $1084.58. Bond 2: Has a face value $1000 and is redeemable at par. Pays coupons annually at a rate of 6.4% annual and was purchased for $996.7. If both bonds mature in the same number of years and the investor yields the same rate...
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