Three years ago, JKL Co. issued bonds with a 18-year maturity then and at a coupon...

Three years ago, JKL Co. issued bonds with a 18-year maturity then and at a coupon rate of 6.1 percent. The bonds make semiannual payments. If the YTM on these bonds is 7.5 percent, what is the current bond price? (Do not include the dollar sign ($). Enter rounded answer as directed, but do not use the rounded numbers in intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).)

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jeff jeffy answered 2 years ago

QUESTION 16 Three years ago, JKL Co. issued bonds with a 11-year maturity then and at...

QUESTION 16 Three years ago, JKL Co. issued bonds with a 11-year maturity then and at a coupon rate of 7.9 percent. The bonds make semiannual payments. If the YTM on these bonds is 8.6 percent, what is the current bond price? (Do not include the dollar sign ($). Enter rounded answer as directed, but do not use the rounded numbers in intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).) QUESTION 18 Bond RTY.AF has a 5...

One year ago, XYZ Co. issued 18-year bonds at par. The bonds have a coupon rate...

One year ago, XYZ Co. issued 18-year bonds at par. The bonds have a coupon rate of 5.82 percent, paid semiannually, and a face value of $1,000. Today, the market yield on these bonds is 7.51 percent. What is the percentage change in the bond price over the past year? Answer to two decimals

Three years ago, the Fairchildress Co. issued 20-year, 7.75 percent semiannual coupon bonds at par. Today,...

Three years ago, the Fairchildress Co. issued 20-year, 7.75 percent semiannual coupon bonds at par. Today, the bonds are quoted at 102.6. What is this firm's pretax cost of debt?

ABC Co. issued 14-year bonds a year ago at a coupon rate of 7.7%. The bonds...

ABC Co. issued 14-year bonds a year ago at a coupon rate of 7.7%. The bonds make semiannual payments. If the YTM on these bonds is 6.0%, what is the current bond price? (Do not round intermediate calculations. Round the final answer to 2 decimal places. Omit $ sign in your response.)

Toys Co. issued 10-year bonds a year ago at a coupon rate of 10%. The bonds...

Toys Co. issued 10-year bonds a year ago at a coupon rate of 10%. The bonds make semiannual payments and have a par value of $1,000. If the YTM on these bonds is 9%, what is the current bond price?

2a. Ngata Corp. issued 18-year bonds 2 years ago at a coupon rate of 10.6 percent...

2a. Ngata Corp. issued 18-year bonds 2 years ago at a coupon rate of 10.6 percent (APR). The bonds make semiannual payments. If these bonds currently sell for 97 percent of par value, what is the YTM (as an APR)? 2b. Ashes Divide Corporation has bonds on the market with 14 years to maturity, a YTM of 6.4 percent (APR), and a current price of $1,176.50. The bonds make semiannual payments. What must the coupon rate be on these bonds...

Smith Corporation issued convertible bonds 5 years ago with an original maturity of 30 years, coupon...

Smith Corporation issued convertible bonds 5 years ago with an original maturity of 30 years, coupon of 4.5%, and annual payment. They were sold at their par value of $1,000 and with a conversion price of $28.57. Common stock at the time was selling for $14 per share. During the last 5 years, the stock price has not exceeded $22 per share. Straight nonconvertible debentures issued at approximately the same time had a coupon rate of 7.2%. During the next...

EXCEL TEMPLATE) Watchstone Concrete Products issued 30-year maturity bonds 15 years ago with a coupon rate...

EXCEL TEMPLATE) Watchstone Concrete Products issued 30-year maturity bonds 15 years ago with a coupon rate of 10.75%. The principal amount was $15,000,000. Interest rates have steadily decreased and the company could issue new bonds today at a coupon rate of 9.50%. The new issue would be used to pay off the old bonds and would have a maturity of 15 years. The original issue had flotation costs of $375,000 which were set up on an amortization schedule over 30...

1. Sand Sweet Corp. issued 20 year bonds three years ago (maturity 2036) with a 7%...

1. Sand Sweet Corp. issued 20 year bonds three years ago (maturity 2036) with a 7% coupon, with interest paid semi-annually. Market and company circumstances have changed so that the current risk factor on the bonds has dropped to 6%. What is the current market price of the bonds? (THINK ABOUT THE CORRECT NUMBER OF INTEREST PAYMENTS; SHOULD PRICE BE MORE OR LESS THAN 1000?) 2. Chapter LTD has bonds on the market with fifteen years remaining until maturity which...

Weismann Co. issued 17-year bonds a year ago at a coupon rate of 11 percent. The...

Weismann Co. issued 17-year bonds a year ago at a coupon rate of 11 percent. The bonds make semiannual payments and have a par value of $1,000. If the YTM on these bonds is 8 percent, what is the current bond price? Multiple Choice • $586.82 • $1,278.10 • $1,718.94 • $1,268.10 • $1,187.49

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