An investor purchased a bond for $1,000, received $11 in interest, and then sold the bond for $1,067 after holding it for seven months. What is the holding period return?
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- When the interest payment dates of a bond are May 1 and November 1, and a bond is purchased on June 1, the amouby of cash paid by the investor would beAccording to the theory, premium bonds, discount bonds, and face value bonds at the expiry date will have a value of $1,000. Why is the value is $1,000 at the expiring day? Explain.when the interest payment date of a bond are may 1 and november 1, and a bond is purchased on june 1, the amount of cash paid by the investor would be
- Assume that you are the accountant of one of the investors of the bonds. The investor purchased P10, 000,000.00 of Retail Treasury Bond in February with 4.375% interest, 5-years. Prepare journal entries for the purchase of the RTBs, accrual of interest and when the bonds are redeemed.A bondholder that owns a $1,000, 6%, 15-year (term) bond hasAction Company sells bond investments classified as trading securities for $99,000. The face amount is $100,000; unamortized discount is $2,000. What must be included in the journal entry to record the sale?
- In January of 2023, an investor purchased a corporate bond for $925 that pays 4.25% interest. The bond matures in January of 2028. Calculate the bond's yield to maturity, assume the investor holds the bond until maturity.What is the net cash received over the life of the bond investment?What is the journal entry for the redemption of the bond? A Loss on bond redemption $4K B Gain on bond redemption $4K C Loss on Bond Redemption $2K
- When the interest payment dates of a bond are May 1 and November 1,and a bond issue is sold on June 1, the amount of cash received by theissuer will be: a. increased by accrued interest from June 1 to November 1b. increased by accrued interest from May 1 to June 1c. decreased by accrued interest from June 1 to November 1d. decreased by accrued interest from May 1 to June 1Assume you purchased a high-yield corporate bond with a face value of $1,000 at its current market price of $856. It pays 5.06 percent interest and will mature in eight years. a. Determine the current yield on your bond investment at the time of purchase. Note: Enter your answer as a percent rounded to 2 decimal places. b. Determine the yield to maturity on your bond investment at the time of purchase. Note: Enter your answer as a percent rounded to 2 decimal places.A company has a bond with a standing value of $980 and instantaneously changes to $990. What is the JE if the company buys out the bond early?