A promissory note has 103 days until it matures, has a face value of $600, and is currently trading at a price of $594.96. What is the current yield of the security? Select one: a. 2% b. 5% c. 4% d. 3%
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- The real rate of interest is currently at 3%; the inflation expectation and risk premiums for a number of securities folLOW The security c has rsk premium at 2% and premium at 8% Find risk free rate of security c a. 10% b. 6% c. 11%I want to correct answer accountingGive typing answer with explanation and conclusion The price of a newly issued 3-month T-bill with a face value of $1,000 is $992. A) What is the bond-equivalent yield? B) What is the discount yield?
- Solve with explanation accountingAssume that the real risk free rate is 2% and the average expected inflation rate is 3% for each future year. The default risk premium and the liquidity premium for bond x are each 1% and the applicable Maturity Risk premium is 2% what is bond x’s interest rate. Round to 2 decimal placesA bond, described in the exhibit below, is sold for a settlement on 8 April 2021.Annual Coupon rate:12%Coupon payment frequency: monthlyMaturity date*: 11396 + Settlement dateDay count convention : 30 / 360Annual yield to maturity:9%Face value:1,000 USDCalculate the dirty price (full price), clean price (flat price) and accrued interest (AI). * Example if your ID number 9876, then 8 April 2021 + 9876 days = 22 April 2048
- A 38. Subject:- financeA $1,000 Treasury inflation-protected security is currently selling for $965 and carries a coupon interest rate of 3.35 percent. K a. If you buy this bond, how much will you receive for your first interest payment, assuming no interest adjustment to principal during this time period? b. If there's a 0.86 percent increase in inflation, what will be the new par value of the bond? c. What is your new semiannual interest payment? d. What would the par value be at maturity, assuming a 3.00 percent annual inflation rate and ten-year maturity period? Click on the table icon to view the FVIF table i ... a. If you buy this bond, assuming no interest adjustment to principal during this time period, your first interest payment would be $ 16.75 (Round to the nearest cent.) b. If there's a 0.86 percent increase in inflation, the new par value would be $1008.60. (Round to the nearest cent.) c. The new semiannual interest payment is $ (Round to the nearest cent.) prA bank has issued a six-month, $1.0 million negotiable CD with a 0.53 percent quoted annual interest rate (iCD, sp). a. Calculate the bond equivalent yield and the EAR on the CD. b. How much will the negotiable CD holder receive at maturity? c. Immediately after the CD is issued, the secondary market price on the $1 million CD falls to $998,900. Calculate the new secondary market quoted yield, the bond equivalent yield, and the EAR on the $1.0 million face value CD. Required A: Bond Equivalent Yield ___ EAR____ (Use 365 days in a year. Do not round intermediate calculations. Round your answers to 3 decimal places.) Required B: CD Holder will receive at maturity_____(Do not round intermediate calculations. Round your answer to nearest whole number.) Required C: Bond Equivalent Yield____ Secondary Market Quoted Yield______ EAR_____ (Use 365 days in a year. Do not round intermediate calculations. Round your answers to 4 decimal places.
- A three-month treasury bill sold for a price of $99.311998 per $100 face value. What is the yield to maturity of this bond expressed as an EAR?mni.3vvany vuipulauomi33utu y T00,000 J ytai pulius Jalluaiy i, 2020. TIIT DUnUs pay imititsi amually aiu liavt a slaitu rate of 6%. The market on day of issue was 8%. Required 1 Determine the issue price (PV) of the bond. N (period of time) | (Interest) PV (Present Value FV (Future Value) PMT (Annuity) 2 Prepare the bond amortization schedule using the effective interest method. Cash Interest Interest Amortization of Year Discount Carrying Value Payment Expense Discount Jan 1, 2020 Dec 31, 2020 Page 1 Dec 31, 2021 Dec 31, 2022 Dec 31, 2023 Dec 31, 2024 3 Record the necessary journal entry at date of issue and first interest payment. General Journal DR CR 4 Analyze the effect on the financial statements of the journal entry at date of issue (a) and the first interest payment (b). Assets = Liabilities + Equity Revenues - Expenses = Net Income la
