snl 3.Union Local School District has bonds outstanding with a coupon rate of 3.7 percent paidsemiannually and 16 years to maturity. The yield to maturity on these bonds is 3.9 percentand the bonds have a par value of $5,000. What is the dollar price of the bond?1/1/20001/1/20163.70%21003.90%$5,00045567Settlement dateMaturity date8Coupon rateэCoupons per year0Redemption value (% of par)1Yield to maturity2Par value345Complete the following analysis. Do not hard code values in your calculations. Leavethe "Basis" input blank in the function. You must use the built-in Excel function toanswer this question.67Dollar price8

The problem requires the determination of the price of the bond.The problem involves the valuation…

Answered: 3. Union Local School District has…

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter13: Long-term Liabilities

Section: Chapter Questions

Problem 4EA: On January 1, 2018, Wawatosa Inc. issued 5-year bonds with a face value of $200,000 and a stated...

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Saved iz G Union Local School District has bonds outstanding with a coupon rate of 3.2 percent paid semiannually and 21 years to maturity. The yield to maturity on these bonds is 3.5 percent and the bonds have a par value of $5,000. What is the price of the bonds? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) HR 4.778.24
Your answer is partially correct. Swifty Ltd. issued a $1,184,000, 10-year bond dated January 1, 2023. The bond was sold to yield 12% effective interest. The bond paid 10% interest on January 1 and July 1 each year. The company's year-end was December 31, and Swifty followed IFRS. Using 1. factor Tables 2. a financial calculator, or 3. Excel function PV, calculate the amount received for the bond, and any discount or premium on the bond.
Union Local School District has bonds outstanding with a coupon rate of 2.8 percent paid semiannually and 25 years to maturity. The yield to maturity on these bonds is 3.3 percent and the bonds have a par value of $5,000. What is the dollar price of the bonds? Note: Do not round Intermediate calculations and round your answer to 2 decimal places, e.g., 32.16. Price
Union Local School District has bonds outstanding with a coupon rate of 3.7 percent paid semiannually and 26 years to maturity. The yield to maturity on these bonds is 4.3 percent and the bonds have a par value of $10,000. What is the dollar price of the bonds? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.
Review the Bond Table below, all bonds have semi-annual payments. Security Coupon Rate Face Value Price 1-yr Treasury 0.00% $1,000 $965.90 5-yr Treasury 4.50% $1,000 $ 991.18 10 yr Treasury 5.00% $1,000 $ 976.94 5 yr Corporate 4.80% $1,000 $ 912.46 ( rated A) 10-year Corporate 8.40% $1,000 $1,044.66 (rated BBB) What price should you pay for a Corporate Bond with semi-annual payments, a 5 year maturity, a Default Rating of BBB, a Face Value of $1,000 and a coupon rate of 7.20%?
Mansukhbhai
Union Local School District has bonds outstanding with a coupon rate of 3.2 percent paid semiannually and 21 years to maturity. The yield to maturity on these bonds is 3.5 percent and the bonds have a par value of $5,000. What is the price of the bonds? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Price
None
MCQ: Legacy Inc. recently issued bonds that mature in 10 years. They have a par value of $1,000 and annual coupon of 6%. The current market interest rate is 8.5%. Assume that the bonds can be recalled at end of year 5 at $1,250. What will be the price of bonds? Select one: a. 833.82 b. 1067.75 c. 1130.95 d. 835.97 e. 582.73
Union local school district has bonds outstanding with a coupon rate of 3.2 percent paid semiannually and 23 years to maturity. The yield to maturity on these bonds is 2.6 percent and the bonds have par value of 5000. What is the price of the bonds?
(Bond valuation relationships) Stanley, Inc. issues 10-year $1,000 bonds that pay $85 annually. The market price for the bonds is $1,034. The market's required yield to maturity on a comparable-risk bond is 8 percent. a. What is the value of the bond to you? b. What happens to the value if the market's required yield to maturity on a comparable-risk bond (i) increases to 12 percent or (ii) decreases to 6 percent? c. Under which of the circumstances in part b should you purchase the bond? Question content area bottom Part 1 a. What is the value of the bond if the market's required yield to maturity on a comparable-risk bond is 8 percent? $enter your response here (Round to the nearest cent.)
K (Related to Checkpoint 9.2 and Checkpoint 9.3) (Bond valuation relationships) The 13-year, $1,000 par value bonds of Waco Industries pay 7 percent interest annually. The market price of the bond is $855, and the market's required yield to maturity on a comparable-risk bond is 10 percent. a. Compute the bond's yield to maturity. b. Determine the value of the bond to you given the market's required yield to maturity on a comparable-risk bond. c. Should you purchase the bond? a. What is your yield to maturity on the Waco bonds given the current market price of the bonds? % (Round to two decimal places.)

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