Homework Answers
rate positively ..
| We have to use financial calculator to solve this | ||||||
| put in calcualtor - | ||||||
| FV | 1000 | |||||
| PV | -890 | |||||
| I | 8% | |||||
| N | 20 | |||||
| compute PMT | $68.80 | |||||
| therefore coupon rate = 68.80/1000 | 6.88% | |||||
| Therefore answer = | 6.88% |
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Pandora Media plans to issue original issue discount (OID) bonds with a 20-year maturity, $1,000 par...
5 pts Pandora Media plans to issue original issue discount (OID) bonds with a 20-year maturity,...
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Question 11 Pandora Media plans to issue original issue discount (OID) bonds with a 20-year maturity,...
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Question 11 5 pt. Pandora Media plans to issue original issue discount (OID) bonds with a...
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Points given for fast correct answers thank you! Pandora Media plans to issue original issue discount...
Points given for fast correct answers thank you!
Pandora Media plans to issue original issue discount (OID) bonds with a 20-year maturity, $1,000 par value, and initial yield to maturity of 8%. Since these bonds are issued below par, the total yield will come from both annual coupon payments and appreciation. If the bonds are offered at a discounted price of $920, what is their nominal coupon rate? That is, at this price, what coupon rate will result in a...
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Points given for fast correct answers thank you!
Pandora Media plans to issue original issue discount (OID) bonds with a 20-year maturity, $1,000 par value, and initial yield to maturity of 8%. Since these bonds are issued below par, the total yield will come from both annual coupon payments and appreciation. If the bonds are offered at a discounted price of $920, what is their nominal coupon rate? That is, at this price, what coupon rate will result in a...
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