Please type out the work for me folks, as I need to learn this stuff :) Thanks so much!
Homework Answers
Information provided:
Par value= future value= $1,000
Current price = present value= $911
Time= 28 years*2= 56 semi-annual periods
Coupon rate= 11.70%/2= 5.85%
Coupon payment= 0.0585*1,000= $58.50
The yield to maturity is calculated by entering the below in a financial calculator:
FV= 1,000
PV= -911
N= 56
PMT= 58.50
Press the CPT key and I/Y to compute the yield to maturity.
The value obtained is 6.4412.
Therefore, the annual yield to maturity is 6.4412%*2=
12.8824%
12.88%.
In case of any query, kindly comment on the solution.
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Please type out the work for me folks, as I need to learn this
stuff :)...
Please type out the work for me folks, I need to understand this stuff :) Thanks!!...
Please type out the work for me folks, I need to understand this
stuff :) Thanks!!
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Please type out the work for me folks, I need to see it to undertsand it-...
Please type out the work for me folks, I need to see it to
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Thanks for helping me out folks! Please show me all of the work, I need to...
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Thanks so much for helping me out folks; Please show me the work, as I need...
Thanks so much for helping me
out folks; Please show me the work, as I need to get this down!
Thanks again :)
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Please type out the work for me folks, I need to understand this
stuff :) Thanks!!
Marco Chip, Inc. just issued zero-coupon bonds with a par value of $1,000. The bond has a maturity of 16 years and a yield to maturity of 13.03 percent, compounded semi-annually. What is the current price of the bond? Round the answer to two decimal places.
Please type out the work for me folks, I need to see it to
undertsand it- thank you!!
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Thanks for helping me out folks! Please show me all of the work,
I need to learn all this!
Fresh Water, Inc. sold an issue of 23-year $1,000 par value bonds to the public. The bonds have a 9.90 percent coupon rate and pay interest annually. The current market rate of interest on the Fresh Water, Inc. bonds is 9.17 percent. What is the current market price of the bonds? Round the answer to two decimal places.
Please show me the work folks, I really need to get this down-
thanks so much!
Blue Crab, Inc. plans to issue new bonds, but is uncertain how the market would set the yield to maturity. The bonds would be 30-year to maturity, carry a 11.14 percent annual coupon, and have a $1,000 par value. Blue Crab, Inc. has determined that these bonds would sell for $952 each. What is the yield to maturity for these bonds? Round the answers...
Please let me know if the other answers are correct as
well!
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Thanks so much for helping me
out folks; Please show me the work, as I need to get this down!
Thanks again :)
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