Market value of the bond is calculated using the PV function:_
=PV(rate,nper,pmt,fv)
=PV(6.9%/2,19*2,5.72%/2*2000,2000)
=1752.23
Lincoln Park Co. has a bond outstanding with a coupon rate of 5.72 percent and semiannual...
Lincoln Park Co. has a bond outstanding with a coupon rate of 5.84 percent and semiannual payments. The yield to maturity is 6.1 percent and the bond matures in 25 years. What is the market price if the bond has a par value of $2,000? Multiple Choice $1,972.41 $1,936.71 $1,939.26 $1,934.15 $1,933.73
Kasey Corp. has a bond outstanding with a coupon rate of 5.58 percent and semiannual payments. The bond has a yield to maturity of 6.8 percent, a par value of $2,000, and matures in 12 years. What is the quoted price of the bond? Multiple Choice 91.90 90.10 1,982.22 90.36 1,802.01
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%
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...
Whatever, Inc., has a bond outstanding with a coupon rate of 5.75 percent and semiannual payments. The yield to maturity is 4.7 percent and the bond matures in 22 years. What is the market price if the bond has a par value of $1,000? Multiple Choice $1,142.07 $1,144.77 $1,143.01 $1,146.28 $1,165.87
Harpeth Valley Water District has a bond outstanding with a coupon rate of 2.67 percent and semiannual payments The bond matures in 11 years, with a yield to maturity of 349 percent, and a par value of $5,000. What is the market price of the bond? Multiple Choice $4,641.36 $4,628.13 $4720.69 $4,635.25 $4.630.73
Gugenheim, Inc., has a bond outstanding with a coupon rate of 6.3 percent and annual payments. The yield to maturity is 7.5 percent and the bond matures in 19 years. What is the market price if the bond has a par value of $2,000? Multiple Choice $1,766.01 $1,763.69 $1,760.98 $1,796.20 $1,759.00
Kasey Corp. has a bond outstanding with a coupon rate of 5.98 percent and semiannual payments. The bond has a yield to maturity of 5.5 percent, a par value of $2,000, and matures in 18 years. What is the quoted price of the bond?
Kasey Corp. has a bond outstanding with a coupon rate of 5.9 percent and semiannual payments. The bond has a yield to maturity of 6.3 percent, a par value of $2,000, and matures in 16 years. What is the quoted price of the bond?
Gugenheim, Inc., has a bond outstanding with a coupon rate of 7.5 percent and annual payments. The yield to maturity is 8.7 percent and the bond matures in 19 years. What is the market price if the bond has a par value of $2,000? Multiple Choice $1,783.41 $1,816.29 $1,778.84 $1,785.76 $1,780.67