Suppose Boudreau Industries issued a bond for €104,700 with a face value of €90,000, 5 year semiannual with a market rate of 6.2%. What is the semiannual payment? Give me the journal entry for issuing the bonds.
N = I/Y = PV = PMT = FV =
Suppose Boudreau Industries issued a bond for €87,000 with a face value of €90,000, 6 year semiannual with a market rate of 9.2%. What is the semiannual payment? Give me the journal entry for issuing the bonds.
N = I/Y = PV = PMT = FV =
Suppose Boudreau Industries issued a bond for €104,700 with a face value of €90,000, 5 year semia...
Suppose Gecko Industries issued a bond for 87,000 with a face value of 90,000, 6 year semiannual with a market rate of 9.2%. What is the semiannual payment? Give me the journal entry for issuing the bonds. 1/Y = PMT = FV=
Please answer ASAP. I'll give you thumbs up. *IFRS*
Beaumont Corp. issues a 10-year semiannual convertible 6.3% bond with a face value of £2,980,000. The bond was issued at 103.8. Comparable bonds without a conversion feature would have required a return of 8.2%. Show all your work. 1. What was the market rate interest of the bonds (when they were sold)? PMT = FV Annual Interest rate 2. Determine how much of the proceeds would be allocated to debt and...
Problem 1: You are considering investing in a 10-year bond issued by NewEnergy Inc. This bond has $1000 face value, 4% coupon rate. The bond pays coupons semi-annually and is currently selling at $920. The bond can be called at a $1,040 in 3 years. 1.a. (10 points): If your required rate of return if 6% for bonds in this risk class, what is the maximum price you should pay for this bond? (Use PV function) Coupon rate= Required return=...
Problem 1: You are considering investing in a 10-year bond issued by NewEnergy Inc. This bond has $1000 face value, 4% coupon rate. The bond pays coupons semi-annually and is currently selling at $920. The bond can be called at a $1,040 in 3 years. 1.a. (10 points): If your required rate of return if 6% for bonds in this risk class, what is the maximum price you should pay for this bond? (Use PV function) Coupon rate= Required return=...
Maul Co. prepared a bond issue dated January 1, 20X2. The face value of the bond was $400,000 with an annual coupon rate of interest 10% and maturity date of 5 years. The bond interest is to be paid semiannually on June 30 and Dec 31. The bonds were issued when the prevailing annual market interest rate was 8%. (show your work) How much was the issue price of the bonds January 1, 20X2? Record the journal entry required for...
A 10-year corporate bond with a total face value of $25,000,000 and a stated coupon rate of 7.9% APR payable semi-annually was issued at a price to yield a return of 8.4% to investors. What was the proceeds from the sale of the bond and the quoted bond price at issuance? N: I/Y: PV: PMT: FV: Mode: Excel Formula: Bond Proceeds: Answer:
5. A 20-year bond with $1,000 face amount and 7% annual coupons was issued twenty years ago. You bought the bond six years ago, immediately after a coupon was paid, when the market interest rate on such bonds was 6%, and you sold it two years ago, immediately after a coupon was paid, when the market interest rate was 5%. What rate of return did you earn over the period when you held the bond? (Hint: You must figure out...
Problem 1: You are considering investing in a 10-year bond issued by NewEnergy Inc. This bond has $1000 face value, 4% coupon rate. The bond pays coupons semi-annually and is currently selling at $920. The bond can be called at a $1,040 in 3 years. 1.d. (6 points) If the bond is called back by the firm at price of $1,040 in three years, what is the yield to call? N= FV= PMT= PV= PMT Type= Periodic Discount Rate= Yield...
A 3-year bond with a 10% coupon rate paid annually and a $1,000 face value sells at a nominal yield to maturity 8% (APR). What is the price of the bond? N: I/Y: PV: PMT: FV: Mode: Excel Formula: Bond Proceeds: Quoted Bond Price:
macy's is planning a store expansion by issuing 10-year zero coupon bond that makes semi-annual coupon payments at a rate of 5.875% with a face value of $1,000. Assuming semi-annual compounding, what will be the price of these bonds, if the appropriate yield to maturity (discount rate) is 14%? PV= ? i/y= ? n=? PMT=? FV=?