Lake Industries bonds have a face value of $1,000, a coupon rate of 7.2 percent, semiannual...
Lake Industries bonds have a face value of $1,000, a coupon rate of 7.2 percent, semiannual interest payments, and mature in 15 years. What is the current price of these bonds if the yield to maturity is 6.98 percent?
a: $988.39 b: $1000.00 c: $1020.26 d:$1012.78
please show how you got your numbers for the interest rate and interest earned per period! Thank you!
Homework Answers
Add Answer to:
Lake Industries bonds have a face value of $1,000, a coupon rate
of 7.2 percent, semiannual...
Blue Water bonds have a face value of $1,000, a coupon rate of 6.5 percent, semiannual...
Blue Water bonds have a face value of $1,000, a coupon rate of 6.5 percent, semiannual interest payments, and mature in 11.5 years. What is the current price of these bonds if the yield to maturity is 6.36 percent? A. $979.20 B. $984.56 C. $1,011.30 D. $1,018.27 E. $1,020.00
1) A $1,000 face value bond currently has a yield to maturity of 6.03 percent. The...
1) A $1,000 face value bond currently has a yield to maturity of 6.03 percent. The bond matures in thirteen years and pays interest semiannually. The coupon rate is 6.25 percent. What is the current price of this bond? 2) The $1,000 face value bonds of Galaxies International have coupon of 5.5 percent and pay interest semiannually. Currently, the bonds are quoted at 98.02 and mature in 12 years. What is the yield to maturity? 3) Variance Logistics wants to...
The $1,000 face value bonds of Universe International have coupon of 5 percent and pay interest...
The $1,000 face value bonds of Universe International have coupon of 5 percent and pay interest semiannually. Currently, the bonds are quoted at 108 and mature in 12 years. What is the yield to maturity?
Oil Well Supply offers 7.4 percent coupon bonds with semiannual payments and a yield to maturity...
Oil Well Supply offers 7.4 percent coupon bonds with semiannual payments and a yield to maturity of 10.9 percent. The bonds mature in 7 years. What is the market price per bond if the face value is $1,000? Answer The outstanding bonds of The River Front Ferry carry a 8.1 percent coupon. The bonds have a face value of $1,000, 10 years to maturity, and are currently quoted at $1215.19. What is the current yield on these bonds? Provide your...
The $1,000 face value bonds of Galaxies International have coupon of 6.45 percent and pay interest...
The $1,000 face value bonds of Galaxies International have coupon of 6.45 percent and pay interest semiannually. Currently, the bonds are quoted at 103.4 and mature in 4 years. What is the yield to maturity? 4.88 percent 6.02 percent 7.18 percent 6.79 percent 5.49 percent
The 6 percent semiannual coupon bonds of IPO, Inc., are selling for $1,087. The bonds have...
The 6 percent semiannual coupon bonds of IPO, Inc., are selling for $1,087. The bonds have a face value of $1,000 and mature in 11 years. What is the yield to maturity? 5.42 percent 5.70 percent 4.96 percent 4.67 percent 3.68 percent
Assume 1,000 par and semiannual compounding GHI Company bonds have a coupon rate of 3.63 percent,...
Assume 1,000 par and semiannual compounding GHI Company bonds have a coupon rate of 3.63 percent, 4 years to maturity, and a current price of $1,086. What is the current yield on these bonds (in percent)? Answer to two decimals
The $1,000 face value bonds of Galaxies International have coupon of 5.5 percent and pay interest...
The $1,000 face value bonds of Galaxies International have coupon of 5.5 percent and pay interest semiannually. Currently, the bonds are quoted at 98.02 and mature in 12 years. What is the yield to maturity? Multiple Choice Ο 6.16 percent Ο 7.32 percent Ο 6.93 percent Ο 5.73 percent < Prey 10 of 10 !! Next >
5a FYI bonds have a par value of $1,000. The bonds pay an 8% annual coupon...
5a FYI bonds have a par value of $1,000. The bonds pay an 8% annual coupon and will mature in 11 years. i) Calculate the price if the yield to maturity on the bonds is 7%, 8% and 9%, respectively. ii) What is the current yield on these bonds if the YTM on the bonds is 7%, 8% and 9%, respectively. Hint, you can only calculate current yield after you have determined the intrinsic value (price) of the bonds. iii)...
Question 19 4 pt Barton LLC. bonds have a face value of $1,000. The bonds carrya 6 percent coupon, pay interest sem...
Question 19 4 pt Barton LLC. bonds have a face value of $1,000. The bonds carrya 6 percent coupon, pay interest semiannually, and mature in 16 years. What is the current price of these bonds if the yield to maturity is 5.82 percent? $845.87 $994.56 $1,017.85 $1,018.58 $1,020.00 Question 20 4 pt
Oil Well Supply offers 7.4 percent coupon bonds with semiannual payments and a yield to maturity of 10.9 percent. The bonds mature in 7 years. What is the market price per bond if the face value is $1,000? Answer The outstanding bonds of The River Front Ferry carry a 8.1 percent coupon. The bonds have a face value of $1,000, 10 years to maturity, and are currently quoted at $1215.19. What is the current yield on these bonds? Provide your...
The $1,000 face value bonds of Galaxies International have coupon of 5.5 percent and pay interest semiannually. Currently, the bonds are quoted at 98.02 and mature in 12 years. What is the yield to maturity? Multiple Choice Ο 6.16 percent Ο 7.32 percent Ο 6.93 percent Ο 5.73 percent < Prey 10 of 10 !! Next >
5a FYI bonds have a par value of $1,000. The bonds pay an 8% annual coupon and will mature in 11 years. i) Calculate the price if the yield to maturity on the bonds is 7%, 8% and 9%, respectively. ii) What is the current yield on these bonds if the YTM on the bonds is 7%, 8% and 9%, respectively. Hint, you can only calculate current yield after you have determined the intrinsic value (price) of the bonds. iii)...
Question 19 4 pt Barton LLC. bonds have a face value of $1,000. The bonds carrya 6 percent coupon, pay interest semiannually, and mature in 16 years. What is the current price of these bonds if the yield to maturity is 5.82 percent? $845.87 $994.56 $1,017.85 $1,018.58 $1,020.00 Question 20 4 pt
Most questions answered within 3 hours.
-
Write a C++ program that will convert distance measurements from
miles to kilometers. Specifically, the program...
asked 1 minute ago -
Given the following stresses (in MP a); in each case:
(a) Find the principal stresses σ1;...
asked 5 minutes ago -
You are one of the first engineers hired into the
manufacturing engineering department at a brand...
asked 11 minutes ago -
Suppose car models A, B, and C are popular among drivers.
Suppose 12% of the drivers...
asked 28 minutes ago -
write a program that finds the number of zeros in an 8-bit data
item using assembly...
asked 29 minutes ago -
Which statement is always true: The total energy of a closed
system...
A) is always equally...
asked 42 minutes ago -
find the critical value associated with a right sided hypothesis of
the mean using a sample...
asked 2 hours ago -
Which of the following statements is true with respect to a
simple linear regression model?
a....
asked 3 hours ago -
The energy required to remove an electron from a surface of a
solid element is called...
asked 4 hours ago -
How would you train your employees to avoid risks of using
mobile devices?
asked 5 hours ago -
Assume Kw = 1.01 ✕ 10−14
For pure water, we can calculate [H3O+ ] = [OH...
asked 6 hours ago -
Suppose that on a temperature scale X, water boils at 203.0°X
and freezes at -105.7°X. What...
asked 6 hours ago