ABC’s semiannual bond has a clean price of $1013.  It paid its last coupon of $50 65 days ago.  Calculate the  accrued interest on the bond.  Assume a 180-day semiannual period.  Round to the nearest dollar.  Don’t include the dollar sign in your answer.  Johnston’s bonds are selling for $1,245.  They have a 7-year maturity, an annual coupon of $75, a par value of $1,000, and a yield to maturity of 3.5 percent.  What is their current yield? Write your answer as a percentage out to two decimal places.  Do not include the percentage sign in your answer.

Q: ABC Inc. recently issued $1,000 par bonds at a 15.51% coupon rate. If the bonds have 12 years to…

A: In the given case, we have provided the face value of the bond. Since, maturity value is not given.…

Q: cent.

A: or the face value discounted appropriately. Given face value = $2000, years remaining to maturity =…

Q: ve years ago Messy House Painting issued a 15-year bond with a $1,000 maturity value and a 6 percent…

A: The yield to maturity is rate of return realized on the bond when is held till maturity and yield to…

Q: A newly issued 10-year, $1,000, zero coupon bond just sold for $311.05. What is the implicit…

A: Data given: FV=$1000 n=10 year PV= $311.05 Interest is semiannual compounding.

Q: Bettis Corporation issued 7 percent bonds 3 years ago with 22 years until maturity.  The coupons are…

A: Yield to call refers to the total return earned by the bondholders if the bond is held until the…

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

A: Par value is $1,000Coupon rate is 8%Coupon frequency is semi annual i.e. 2Time to maturity is 8…

Q: Draiman Corporation has bonds on the market with 12 years to maturity, a YTM of 9.7 percent, a par…

A: The coupon rate of a bond is the fixed annual interest rate that the issuer promises to pay to the…

Q: Harrimoh Industries bonds have 5 years left to maturity. Interest is paid annually, and the bonds…

A: Bond price is the sum of interest payments and maturity value discounted at yeild to maturityBond…

Q: Madsen Motors's bonds have 9 years remaining to maturity. Interest is paid annually; they have a…

A: Face value =$1000 coupon rate =7% annually So, Coupon payment = 0.07*1000 = $70 Time = 9 years Yield…

Q: Popie Drink Corp issued 12 year bonds 2 years ago at a coupon rate of 8.4 percent. The bonds make…

A: Compound = semiannually = 2 Time = nper = (12 - 2) * 2 = 20 semiannually Coupon rate = 8.4/ 2 = 4.2%…

Q: You bought a six-year bond issued by Oriole Corp. four years ago. At that time, you paid $972.33 for…

A: Bonds can be termed as debt instruments that are issued for raising public funds by issuing at a…

Q: Harrimon Industries bonds have 5 years left to maturity. Interest is paid annually, and the bonds…

A: Step 1:a.1.Information provided:Par value= future value= $1,000Time= 5 yearsCoupon rate= 10%Coupon…

Q: A coupon bond that pays semiannual interest is reported in the Wall Street Journal as having an ask…

A: Bonds are different kind of debt in which there are annual interest payments only and par value is…

Q: Draiman Corporation has bonds on the market with 13 years to maturity, a YTM of 9.9 percent, a par…

A: Here,Price of Bond is $950Par Value of Bond is $1,000YTM is 9.90%Time to Maturity is 13 years

Q: One year ago, Henderson Honey issued a 15-year bond for $1,000. The bond's coupon rate of interest…

A: Current yield formula= (coupon interest rate*maturity value)/previous year bond price.   Capital…

Q: bt Corporation's Class Semi bonds have a 14-year maturity and a 10.50% coupon paid semiannually…

A: A bond can be priced at par, premium or at a discount. A bond is priced at a premium when the coupon…

Q: The bonds make semiannual payments. ? (Do not round Intermediate calculations. Round the final…

A: Answer : Future value (FV)= $1000 Coupon rate = 8.8%/2= 4.4% Coupon payment (PMT)  = $1,000*4.4% =…

Q: Nikita Enterprises has bonds on the market making annual payments, with ten years to maturity, a par…

A: Calculate the annual interest payment:We know the bond is selling for a discount (price < par…

Q: Lance Whittingham IV specializes in buying deep discount bonds. These represent bonds that are…

A: Par value$1,000.00Coupon rate4%YTM14%Years to maturity18Coupon payment$40.00

Q: One year ago, Alpha Supply issued 15-year bonds at par. The bonds have a coupon rate of 6.5 percent…

A: A bond is a kind of debt security issued by the government and private companies to the public for…

Q: IBM's bonds have 9 years and 6 months remaining to maturity. Interest is paid semi-annually, with…

A: Face value or maturity value = Z = $1,000Semiannual coupon amount = C = $30 (i.e. $1000 * 0.06 /…

Q: Kebt Corporation's Class Semi bonds have a 15-year maturity and a 9.00% coupon paid semiannually…

A: A bond is a kind of debt security issued by the government and private companies to the public for…

Q: Suppose a firm is issuing 10,000 bonds. Each bond has a face amount of $950, a stated rate of 7.5%,…

A: According to bartleby guidelines , if question involves multiple sub parts , then 1st sub 3 parts…

Q: Dexter Mills issued 30-year bonds one year ago at a coupon rate of 10.9 percent. The bonds make…

A: Bonds are fixed-income assets that serve as a representation of investor loans to borrowers…

Q: Jackson Corporation's bonds have 8 years remaining to maturity. Interest is paid annually, the bonds…

A: A bond refers to an instrument that the companies use to raise debt capital from investors. Bonds…

Q: 1. The market price for Alphabet Soup's 7.5% bonds maturing in 10 years are selling for $1,013.03.…

A: A bond is a debt instrument that allows the issuer to raise funds and obligates him to repay the par…

Q: Blue Jazz, Inc., has 11 percent coupon bonds on the market that have 14 years left to maturity. The…

A: Bonds are financial instruments that are of a debt nature where the issuer has to pay fixed coupon…

Q: Nikita Enterprises has bonds on the market making annual payments, with eleven years to maturity, a…

A: Par value (Z) = $1,000Yield to maturity (r) = 0.076Current price (P) = $982Maturity period (n) = 11…

Q: ABC Fabricators just issued par 25-year bonds. The bonds sold for 738.38 and pay interest…

A: The coupon rate of a bond refers to the rate of coupon payment to be made against the bond. The…

Q: Black Water Corp. just issued zero-coupon bonds with a par value of $1,000. The bond has a maturity…

A: Zero coupon bonds are not paid any coupon only par value is given on maturity and discount on bond…

Q: Eight years ago, Over-the-Top Trampolines issued a 15-year bond with a $1,000 par value and a 6…

A: Bond yield The return a bondholder receives from the money invested in a particular bond is called…

Q: Heath Food Corporation’s bonds have 16 years remaining to maturity. The bonds have a face value of…

A: Face value (FV) = $1000 Coupon rate = 8% Annual coupon amount (C) = 1000*0.08 = $80 Years to…

Q: Madison Inc. just issued bonds with a par value of $1,000, an annual coupon rate of 3.5%, coupons…

A: Compound = Semiannually = 2Face value = fv = $1000Coupon rate = 3.5 / 2 = 1.75%Time = t = 10 * 2 =…

Q: Westco Company issued 14-year bonds a year ago at a coupon rate of 7.4 percent. The bonds make…

A: Bond:The preset value of a bond, also known as its face value or par value, denotes the nominal…

Q: Nikita Enterprises has bonds on the market making annual payments, with ten years to maturity, a par…

A: The coupon rate is the rate at which the interest is paid to the bondholders based on the face value…

Q: One year ago, Henderson Honey issued a 10-year bond for $1,000. The bond's coupon rate of interest…

A: 1. Current yield = 60/1000 = 6.00% capital gains yield = 941/1000 - 1 = -5.90%   2. N = 9, FV =…

Q: Dawg, Inc. has $1,000 par value bonds outstanding that make semiannual payments. The bonds were…

A: Bonds are the debt instruments that are issued to raise funds for fixed tenure at fixed coupon…

Q: What must the coupon rate be on the bonds? (Do not round intermediate calculations and enter your…

A: A bond's price is determined by the bond's future cash flows, which include periodic interest…

Q: O'Brien Ltd.'s outstanding bonds have a $1,000 par value, and they mature in 25 years. Their nominal…

A: First we need to use bond price formula to calculate semi annual payment of coupon. Bond price is…

Q: A highly rated corporate bond with five years left until maturity was recently quoted as selling for…

A: A bond is a kind of debt security issued by the government and private companies to the public for…

Q: A bond has an annual coupon of 67%, which makes semiannual payments. The next payment is 2 months…

A: Bonds clean price is the quoted price of the bond and it does not include accrued interest between…

Q: Nikita Enterprises has bonds on the market making annual payments, with eleven years to maturity, a…

A: Here, Par Value of Bond$1000Current Price of Bond$970YTM of Bond7%Time to Maturity in years11

Q: Westco Company issued 15-year bonds a year ago at a coupon rate of 8.1 percent. The bonds make…

A: In this question we are given with the following information face value of bond= $1000 Annual…

Q: What is the difference between this bond's YTM and its YTC

A: Yield to maturity is the annual return earned from the investment instrument till the maturity time.…

Q: Jones and Jones Co. issued 15-year bonds a year ago at a coupon rate of 4.1 percent. The bonds make…

A: Bond price is the sum of the present value of the future expected coupon payments and the maturity…

Q: You are offered an 6 year bond issued by Fordson, at a price of $943.22. The bond has a coupon rate…

A: To determine whether to buy the bond at the offered price, we need to calculate the bond's yield to…