Nesmith Corporation's outstanding bonds have a $1,000 par value, a 7% semiannual coupon, 20 years to...

Nesmith Corporation's outstanding bonds have a $1,000 par value, a 7% semiannual coupon, 20 years to maturity, and an 11% YTM. What is the bond's price? Round your answer to the nearest cent.

Expert Solution

The price of the bond can be calculated with the help of PV function of excel

Inputs required:

FV = 1000

Coupon (PMT) = 7%/2 * 1000 = 35

Nper = 20 * 2 = 40

Rate = 11%/2 = 5.50%

=PV(0.055,40,35,1000,0)

= 679.08

jeff jeffy answered 2 years ago

Nesmith Corporation's outstanding bonds have a $1,000 par value, a 7% semiannual coupon, 11 years to...

Nesmith Corporation's outstanding bonds have a $1,000 par value, a 7% semiannual coupon, 11 years to maturity, and an 11% YTM. What is the bond's price? Round your answer to the nearest cent.

Nesmith Corporation's outstanding bonds have a $1,000 par value, an 11% semiannual coupon, 20 years to...

Nesmith Corporation's outstanding bonds have a $1,000 par value, an 11% semiannual coupon, 20 years to maturity, and a 15% YTM. What is the bond's price? Round your answer to the nearest cent.

Nesmith Corporation's outstanding bonds have a $1,000 par value, a 8% semiannual coupon, 8 years to...

Nesmith Corporation's outstanding bonds have a $1,000 par value, a 8% semiannual coupon, 8 years to maturity, and an 10% YTM. What is the bond's price? Round your answer to the nearest cent.

Nesmith Corporation's outstanding bonds have a $1,000 par value, an 8% semiannual coupon, 18 years to...

Nesmith Corporation's outstanding bonds have a $1,000 par value, an 8% semiannual coupon, 18 years to maturity, and a 10% YTM. What is the bond's price? Round your answer to the nearest cent.

Nesmith Corporation's outstanding bonds have a $1,000 par value, a 12% semiannual coupon, 16 years to...

Nesmith Corporation's outstanding bonds have a $1,000 par value, a 12% semiannual coupon, 16 years to maturity, and a 16% YTM. What is the bond's price? Round your answer to the nearest cent. $ =

Nesmith Corporation's outstanding bonds have a $1,000 par value, an 8% semiannual coupon, 15 years to...

Nesmith Corporation's outstanding bonds have a $1,000 par value, an 8% semiannual coupon, 15 years to maturity, and a 12% YTM. What is the bond's price? Round your answer to the nearest cent.

Nesmith Corporation's outstanding bonds have a $1,000 par value, a 12% semiannual coupon, 17 years to...

Nesmith Corporation's outstanding bonds have a $1,000 par value, a 12% semiannual coupon, 17 years to maturity, and an 9% YTM. What is the bond's price? Round your answer to the nearest cent.

Bond valuation Nesmith Corporation's outstanding bonds have a $1,000 par value, a 8% semiannual coupon, 7...

Bond valuation Nesmith Corporation's outstanding bonds have a $1,000 par value, a 8% semiannual coupon, 7 years to maturity, and an 9% YTM. What is the bond's price? Round your answer to the nearest cent. $ ______________

please answer both parts thankyou Nesmith Corporation's outstanding bonds have a $1,000 par value, a 10%...

please answer both parts thankyou Nesmith Corporation's outstanding bonds have a $1,000 par value, a 10% semiannual coupon, 7 years to maturity, and a 13% YTM. What is the bond's price? Round your answer to the nearest cent. $ ___ Madsen Motors's bonds have 18 years remaining to maturity. Interest is paid annually, they have a $1,000 par value, the coupon interest rate is 9%, and the yield to maturity is 12%. What is the bond's current market price? Round...

Debt: 4,000, 7% semiannual coupon bonds outstanding, $1,000 par value, 18 years to maturity, selling for...

Debt: 4,000, 7% semiannual coupon bonds outstanding, $1,000 par value, 18 years to maturity, selling for 102 percent of par; the bonds make semiannual payments. Preferred Stock: 10,000 outstanding with par value of $100 and a market value of 105 and $10 annual dividend. Common Stock: 84,000 shares outstanding, selling for $56 per share, the beta is 2.08 The market risk premium is 5.5%, the risk free rate is 3.5% and Huntington’s tax rate is 32%. Huntington Power Co. is evaluating...

Question