Homework Answers
We have to calculate PV of the bond at which it purchased the bond. I/Y = 11.89% Time = 10 year PMT=12%*1000= $120, FV= $1,000. The Present Value of the bond last year when Joan purchased the bond =$1,006.24
Interest Payment at the end of period = 12%*1000= $120
Total Return during the period = Profit + Interest = $1,120.28 - $1,006.24 + $120 = $234.04
Total Return that Joan earned for the past year = Return/Cost*100 = 234.04/1006.24*100 = 23.26%
Add Answer to:
Bond returns Last year, Joan purchased a $1,000 face value corporate bond with an 12% annual...
Last year, Joan purchased a $1,000 face value corporate bond with an 12% annual coupon rate...
Last year, Joan purchased a $1,000 face value corporate bond with an 12% annual coupon rate and a 25-year maturity. At the time of the purchase, it had an expected yield to maturity of 11.43%. If Joan sold the bond today for $1,143.45, what rate of return would she have earned for the past year? Round your answer to two decimal places.
Last year, Joan purchased a $1,000 face value corporate bond with an 7% annual coupon rate...
Last year, Joan purchased a $1,000 face value corporate bond with an 7% annual coupon rate and a 25-year maturity. At the time of the purchase, it had an expected yield to maturity of 12.49%. If Joan sold the bond today for $1,018.1, what rate of return would she have earned for the past year? Round your answer to two decimal places.
BOND RETURNS Last year Janet purchased a $1,000 face value corporate bond with an 7% annual...
BOND RETURNS Last year Janet purchased a $1,000 face value corporate bond with an 7% annual coupon rate and a 25-year maturity. At the time of the purchase, it had an expected yield to maturity of 9.07%. If Janet sold the bond today for $1,122.96, what rate of return would she have earned for the past year? Do not round intermediate calculations. Round your answer to two decimal places. 이
Last year Janet purchased a $1,000 face value corporate bond with an 7% annual coupon rate...
Last year Janet purchased a $1,000 face value corporate bond with an 7% annual coupon rate and a 20-year maturity. At the time of the purchase, it had an expected yield to maturity of 8.86%. If Janet sold the bond today for $1,145.38, what rate of return would she have earned for the past year? Do not round intermediate calculations. Round your answer to two decimal places.
Last year Janet purchased a $1,000 face value corporate bond with an 9% annual coupon rate...
Last year Janet purchased a $1,000 face value corporate bond with an 9% annual coupon rate and a 25-year maturity. At the time of the purchase, it had an expected yield to maturity of 13.45%. If Janet sold the bond today for $1,108.92, what rate of return would she have earned for the past year? Do not round intermediate calculations. Round your answer to two decimal places.
Last year Janet purchased a $1,000 face value corporate bond with an 7% annual coupon rate...
Last year Janet purchased a $1,000 face value corporate bond with an 7% annual coupon rate and a 20-year maturity. At the time of the purchase, it had an expected yield to maturity of 8.86%. If Janet sold the bond today for $1,145.38, what rate of return would she have earned for the past year? Do not round intermediate calculations. Round your answer to two decimal places.
BOND RETURNS Last year Janet purchased a $1,000 face value corporate bond with an 7% annual...
BOND RETURNS Last year Janet purchased a $1,000 face value corporate bond with an 7% annual coupon rate and a 10-year maturity. At the time of the purchase, it had an expected yield to maturity of 9.3%. If Janet sold the bond today for $1,026.98, what rate of return would she have earned for the past year? Do not round intermediate calculations. Round your answer to two decimal places. % BOND VALUATION Madsen Motors's bonds have 12 years remaining to...
eBook Problem Walk-Through Last year Janet purchased a $1,000 face value corporate bond with a 10%...
eBook Problem Walk-Through Last year Janet purchased a $1,000 face value corporate bond with a 10% annual coupon rate and a 15-year maturity. At the time of the purchase, it had an expected yield to maturity of 10.75%. If Janet sold the bond today for $1,064.88, what rate of return would she have earned for the past year? Do not round intermediate calculations. Round your answer to two decimal places. %
Finance
Last year Joan purchased a $1,000 face value corporate bond with an 11% annual coupon rate and a 10-year maturity. At the time of purchase, it had an expected yield tomaturity if 9.79%. If Joan sold the bond today for $1,060.90, what rate of return would she have earned for the past year?
1) You need to determine the market value of a $1,000 face value bond maturing in...
1) You need to determine the market value of a $1,000 face value bond maturing in 5 years. The market yield (interest rate) for this type of bond is 3.1%. What is its market value? (Round to the nearest penny). 2) A year ago, you purchased a $1,000 face value bond for $1024. A year later you sold the bond for $1,007 after receiving a coupon payment of $55. What was your rate of capital gain? (Answer in tenth of...
BOND RETURNS Last year Janet purchased a $1,000 face value corporate bond with an 7% annual coupon rate and a 25-year maturity. At the time of the purchase, it had an expected yield to maturity of 9.07%. If Janet sold the bond today for $1,122.96, what rate of return would she have earned for the past year? Do not round intermediate calculations. Round your answer to two decimal places. 이
BOND RETURNS Last year Janet purchased a $1,000 face value corporate bond with an 7% annual coupon rate and a 10-year maturity. At the time of the purchase, it had an expected yield to maturity of 9.3%. If Janet sold the bond today for $1,026.98, what rate of return would she have earned for the past year? Do not round intermediate calculations. Round your answer to two decimal places. % BOND VALUATION Madsen Motors's bonds have 12 years remaining to...
eBook Problem Walk-Through Last year Janet purchased a $1,000 face value corporate bond with a 10% annual coupon rate and a 15-year maturity. At the time of the purchase, it had an expected yield to maturity of 10.75%. If Janet sold the bond today for $1,064.88, what rate of return would she have earned for the past year? Do not round intermediate calculations. Round your answer to two decimal places. %
Most questions answered within 3 hours.
-
20% of all customers subscribe to phone service.
70% of all customers subscribe to internet service....
asked 4 minutes ago -
Write a program to solve the Josephus problem, with the following
modification:
Sample Input:
./a.out n...
asked 2 hours ago -
At the start of a CD it is spinning at a rate of 525 rpm
(revolutions...
asked 3 hours ago -
4. Without doing any calculations, predict whether the observed
∆T would increase, decrease or remain the...
asked 4 hours ago -
Based on the range, which of the following sets of scores has
the greatest variability? 3,...
asked 5 hours ago -
Ripples in a pond travel at a velocity of 3 m/s with one peak
passing a...
asked 5 hours ago -
A man stands on the roof of a building of height 13.0 mm and
throws a...
asked 5 hours ago -
The extent to which assets are financed by borrowed funds and
other liabilities is indicated by:...
asked 6 hours ago -
Explain in detail
Germany is the fifth largest economy
explain what goods and services Germany specializes...
asked 6 hours ago -
The density of platinum is 21.45 g/mL. If a cube of platinum
with a mass of...
asked 7 hours ago -
Accounts Receivable
Sales
A/R Posting
Extended Sales Invoice
Packing Slip
Compare invoice to packing slip 2...
asked 7 hours ago -
Michaella, age 23, is a full-time law student and is claimed by
her parents as a...
asked 7 hours ago