Question
In: Finance
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
Solutions
Expert Solution
The current bond price is calculated using the PV function:-
=PV(rate,nper,pmt,fv0)
=PV(8%/2,16*2,11%/2*1000,1000)
=1268.10
jeff jeffy answered 2 years agoRelated Solutions
Weismann Co. issued 11-year bonds a year ago at a coupon rate of 7 percent. The...
Weismann Co. issued 11-year bonds a year ago at a coupon rate of
7 percent. The bonds make semiannual payments and have a par value
of $1,000. If the YTM on these bonds is 12 percent, what is the
current bond price?
Multiple Choice
$807.83
$739.55
$1,692.20
$713.25
$723.25
Weismann Co. issued 11-year bonds a year ago at a coupon rate of 7 percent. The...
Weismann Co. issued 11-year bonds a year ago at a coupon rate of
7 percent. The bonds make semiannual payments and have a par value
of $1,000. If the YTM on these bonds is 6 percent, what is the
current bond price?
Weismann Co. issued 7-year bonds a year ago at a coupon rate of 11 percent. The...
Weismann Co. issued 7-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?
Weismann Co. issued 9-year bonds a year ago at a coupon rate of 10 percent. The...
Weismann Co. issued 9-year bonds a year ago at a coupon rate of
10 percent. The bonds make semiannual payments and have a par value
of $1,000. If the YTM on these bonds is 7 percent, what is the
current bond price?
Multiple Choice
$714.05
$1,427.29
$1,181.41
$1,119.12
$1,191.41
Weismann Co. issued 14-year bonds a year ago at a coupon rate of 10 percent. The...
Weismann Co. issued 14-year bonds a year ago at a coupon rate of
10 percent. The bonds make semiannual payments and have a par value
of $1,000. If the YTM on these bonds is 9 percent, what is the
current bond price?
Grohl Co. issued 16-year bonds a year ago at a coupon rate of 11 percent. The...
Grohl Co. issued 16-year bonds a year ago at a coupon rate of 11
percent. The bonds make semiannual payments. If the YTM on these
bonds is 7 percent, what is the current bond price? _18_2012 ?
$1,367.84 ? $1,246.88 ? $1,377.84 ? $1,647.72 ? $596.15
Mullineaux Co. issued 11-year bonds one year ago at a coupon rate of 8.6 percent. The...
Mullineaux Co. issued 11-year bonds one year ago at a coupon
rate of 8.6 percent. The bonds make semiannual payments. If the YTM
on these bonds is 7.5 percent, what is the current bond price?
1. Grohl Co. issued 13-year bonds a year ago at a coupon rate of 11 percent....
1. Grohl Co. issued 13-year bonds a year ago at a coupon rate of
11 percent. The bonds make semiannual payments. If the YTM on these
bonds is 11 percent, what is the current bond price?
$630.76
$1,727.34
$1,010.00
$1,000.00
$1,005.00
2.
Ngata Corp. issued 16-year bonds 2 years ago at a coupon rate of
9.7 percent. The bonds make semiannual payments. If these bonds
currently sell for 96 percent of par value, what is the YTM?
11.27%
5.12%
9.22%...
Grohl Co. issued 16-year bonds a year ago at a coupon rate of 6 percent. The...
Grohl Co. issued 16-year bonds a year ago at a coupon rate of 6
percent. The bonds make semiannual payments. If the YTM on these
bonds is 8 percent, what is the current bond price?
One year ago, XYZ Co. issued 11-year bonds at par. The bonds have a coupon rate...
One year ago, XYZ Co. issued 11-year bonds at par. The bonds
have a coupon rate of 6.29 percent, paid semiannually, and a face
value of $1,000. Today, the market yield on these bonds is 7.31
percent. What is the percentage change in the bond price over the
past year? Answer to two decimals
ADVERTISEMENT
ADVERTISEMENT
Latest Questions
- What experience have you had with Organization Development or with Change Management? Describe the organization, the...
- 1. Renfro Rentals has issued bonds that have a 12% coupon rate, payable semiannually. The bonds...
- Given an array of positive integers a, your task is to calculate the sum of every...
- Define “culture.” Software is defined by the Merriam-Webster Dictionary as "the programs that run on a...
- In humans, hypotrichosis (sparse body hair) is a rare autosomal recessive condition. Let h = hypotrichosis...
- Increase all of the listing prices by 5% for all listings under $500,000 and 10% for...
- Samsung Industry that requires you to act as a change agent to form an organizational change...
ADVERTISEMENT