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Preston Corporation has a bond outstanding with a $90 annual interest with a semiannual coupon payment,...
The Pioneer Petroleum Corporation has a bond outstanding with an $70 annual interest payment, a market price of $890, and a maturity date in five years. Assume the par value of the bond is $1,000. Find the following: (Use the approximation formula to compute the approximate yield to maturity and use the calculator method to compute the exact yield to maturity. Do not round intermediate calculations. Input your answers as a percent rounded to 2 decimal places.) a....
Applied Software has a $1,000 par value bond outstanding that pays 13 percent interest with annual payments. The current yield to maturity on such bonds in the market is 11 percent Compute the price of the bonds for these maturity dates: (Use a Financial calculator to arrive at the answers. Do not round intermediate calculations. Round the final answers to 2 decimal places.) Price of the bond $ a. 25 years b. 19 years $ c. 5 years $
Arco industries has a bond outstanding with 15 years to maturity, an 8.25% nominal coupon, semiannual payments, and a $1,000 par value. The bond has a 8.40% yield to maturity. But it can be called in 6 years at a price of $1,045. What is the bonds yield to call?
4. The current yield on bond B, which has semiannual coupons, is 7.08% and the bond was sold at par (i.e., at a price of $1,000) three years ago, when the YTM on similar bonds was 8.0%. If there are 12 years until maturity, what would be the YTM to an investor who buys the bond today? (Hint: If the bond's price was $1,000 three years ago, when the market interest rate was 8.0%, what must be the coupon rate?...
Whatever, Inc., has a bond outstanding with a coupon rate of 5.64 percent and semiannual payments. The yield to maturity is 6.1 percent and the bond matures in 15 years. What is the market price if the bond has a par value of $1,000?
Whatever, Inc., has a bond outstanding with a coupon rate of 5.68 percent and semiannual payments. The yield to maturity is 6.5 percent and the bond matures in 17 years. What is the market price if the bond has a par value of $1,000?
Whatever, Inc., has a bond outstanding with a coupon rate of 5.64 percent and semiannual payments. The yield to maturity is 6.1 percent and the bond matures in 15 years. What is the market price if the bond has a par value of $1,000?
The Zara Company has an 8% coupon bond outstanding. The bond makes semiannual coupon payments and has 15 years remaining to maturity. Its market price is $877.78. It is issuing a new 20-year bond to finance a factory to make new Zaras. The new bond will make annual coupon payments. What coupon rate should be set for the new bonds of for these new bonds to sell at par (i.e. for $1,000)? a. 9.99% b. 10.51% c. 9.25% d. 10.21%...
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...
SKMY Industries has a bond outstanding with 20 years to maturity, an 8.25% nominal coupon, semiannual payments, and a $1,000 par value. The bond has a 7.50% nominal yield to maturity, but it can be called in 6 years at a price of $1,075. What is the bond’s nominal yield to call?