Roca Corporation has an outstanding bond with a coupon rate of 8.0 percent that matures in 10 years. The bond pays interest semiannually. What is the market price of one $1,000 face value bond if the yield to maturity is 6.0 percent?
$1,039
$1,098
$993
$1,109
$1,149
Computation Of Bond Price | ||
a | Semi-annual Interest Amount | $ 40.00 |
($1000*8%/2) | ||
b | PV Annuity Factor for (20 Years,3%) | 14.877475 |
c | Present Value Of Annual Interest (a*b) | $ 595.10 |
d | Redemption Value | $ 1,000.00 |
e | PV Factor Of (20 Years,3%) | 0.55368 |
g | Present Value Of Redemption Amount (d*e) | $ 553.68 |
f | Intrinsic Value ( Price ) Of The Bond (c+g) | $ 1,149 |
Roca Corporation has an outstanding bond with a coupon rate of 8.0 percent that matures in...
Roca Corporation has an outstanding bond with a coupon rate of 8.0 percent that matures in 10 years. The bond pays interest semiannually. What is the market price of one $1,000 face value bond if the yield to maturity is 6.0 percent? $1,109 $1,098 $1,039 $1,149 $993
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