A $5,000,000 issue of ten-year bonds redeemable at par offers 6% coupons payable annually. What is the issue price of the bonds to yield 5.1% compounded quarterly? The issue price of the bond is $. (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
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- A $90,000 bond bearing interest at 3% payable annually is bought nine years before maturity to yield 3.75% compounded semi-annually. If the bond is redeemable at par, what is the purchase price? The purchase price of the bond is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)A $3,000,000 issue of eight-year bonds redeemable at par offers 5% coupons payable annually. What is the issue price of the bonds to yield? 5.9% compounded semi-annually? The issue price of the bond is $! (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as neededA 25-year bond issue of 5,900,000 and bearing interest at 6.5% payable annually is sold to yield 6.65% compounded semi-annually. What is the issue price of the bonds? The purchase price of the bond is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
- A $230,000 issue of twelve-year bonds redeemable at par offers 8.01% coupons payable semi-annually. What is the premium or discount and the purchase price of the bonds to yield 7% compounded annually? (a) The is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)A $26,000 bond with interest at 5.5% payable semi-annually and redeemable at par is bought two years before maturity to yield 9.2% compounded semi-annually. Compute the premium or discount and the purchase price, and construct the appropriate bond schedule. The is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)A $15,000 20-year bond with 8% annual is redeemable at par. If the effective annual yield rate is 6%, calculate the flat price of the bond if is sold 3 years and 2 months after issue. Use the theoretical method and give your answer to two digits after the decimal.
- A $1000, 8.5% bond with interest payable annually is purchased six years before maturity to yield 10.5% compounded annually. Compute the premium or discount and the purchase price, and construct the appropriate bond schedule. The purchase price of the bond is $ 914. (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) Construct the bond schedule. (Round to the nearest cent as needed. Do not include the $ symbol in your answers.) Schedule of Accumulation of Discount Payment Coupon interval 0123 *** Interest on book Discount accumulated Book value Discount balanceA $4000, 7.0% bond redeemable at par in seven years bears coupons payable annually. Compute the premium or discount and the purchase price if the yield, compounded annually, is 5.5%, 6.5%, and 7.5%. The purchase price of the 5.5% yield bond is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) The 5.5% yield bond is sold at a premium of $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) The purchase price of the 6.5% yield bond is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) The 6.5% yield bond is sold at a premium of $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) The purchase price of the 7.5% yield bond is $ (Round the final answer to the nearest cent as needed, Round all intermediate values to six…A $26,000 bond with interest at 5.5% payable semi-annually and redeemable at par is bought two years before maturity to yield 5.8% compounded semi-annually. Compute the premium or discount and the purchase price, and construct the appropriate bond schedule. The is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) h
- Crane Corp is issuing a 10-year bond with a coupon rate of 11 percent. The interest rate for similar bonds is currently 6 percent. Assuming annual payments, what is the value of the bond? (Round answer to 2 decimal places, e.g. 15.25.)ZBD Inc is issuing a 20-year bond with a par value of $1,000. The bond will pay its holders a semi-annual coupon at a rate of 9.5% APR compounded semi-annually? What is the value of each coupon payment? Enter solution in dollars and cents, rounded to nearest cent.Compute the selling price of 8%, 10-year bonds with a par value of $310,000 and semiannual interest payments. The annual market rate for these bonds is 10%. Use present value Table B.1 and Table B.3 in Appendix B. Note: Round all table values to 4 decimal places, and use the rounded table values in calculations.