Broke Benjamin Company has a bond outstanding that makes semiannual payments with a coupon rate of 5.7 percent. The bond sells for $961.87 and matures in 21 years. The par value is $1,000. What is the YTM of the bond?
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- Smashing Cantaloupes Inc. issued 5-year bonds with a par value of $35,000 and an 8% semiannual coupon (payable June 30 and December 31) on January 1, 2018, when the market rate of interest was 10%. Were the bonds issued at a discount or premium? Assuming the bonds sold at 92.288, what was the sales price of the bonds?Bond X is issued by the company two years with 12 years to maturity. The coupon rate is 10% and yield to maturity is 12%. The bond has par value of $1,000. What is the current bond price? а. $1,136.27 b. $876.11 c. $887.00 d. $885.15Crossfade Corporation has a bond with a par value of $2,000 that sells for $1,917.12. The bond has a coupon rate of 7.02 percent and matures in 20 years. If the bond makes semiannual coupon payments, what is the YTM of the bond? Multiple Choice O о о O 7.05% 6.68% 5.57% 3.71% 7.42%
- Check my work Footsteps Company has a bond outstanding with a coupon rate of 6.4 percent and annual payments. The bond currently sells for $964.14, matures in 22 years, and has a par value of $1,000. What is the YTM of the bond? Multiple ChoiceWonder World Ltd. outstanding bonds have a $1000 par value, a 9 percent semi-annual coupon, 8 years to maturity and an 8 percent YTM. What is the bond’s price? Select one: a. $1,028.60 b. $1,043.20 c. $946.26 d. $920.42 e. $1,058.26Schallheim Corporation’s outstanding bonds have a $1,000 par value, a 14 percent semiannual coupon, 6 years to maturity, and an 11 percent yield to maturity (YTM). What is the bond’s price? a. $1,129.28 b. $1,126.92 c. $1,074.93 d. $740.31 e. $1,000.00
- The 5.3 percent bond of Dominic Cycle Parts has a face value of $1,000, a maturity of 12 years, semiannual interest payments, and a yield to maturity of 6.12 percent. What is the current market price of the bond? O$959.33 O$912.40 $931.01 $945.08 O$1.072.13J&J Manufacturing just issued a bond with a OMR1,000 face value and a coupon rate of 8%. If the bond has a life of 20 years, pays annual coupons, and the yield to maturity is 7.5%, what will the bond sell for? Select one: O a. OMR1,087 O b. OMR1,051 O c. OMR975 O d. OMR1,162 e. OMR1,020Haswell Enterprises' bonds have a 10-year maturity, a 6.25% semiannual coupon, and a par value of $1,000. The going interest rate (rd) is 10.5%, based on semiannual compounding. What is the bond's price? Select the correct answer. a. $746.52 b. $752.34 c. $743.61 d. $749.43 e. $740.70
- The Sisyphean Company has a bond outstanding with a face value of $1,000 that reaches maturity in 15 years. The bond certificate indicates that the stated coupon rate for this bond is 9.5% and that the coupon payments are to be made semannually.Assuming the appropriate YTM on the Sisyphean bond is 7.4%, then this bond will trede at A a premium. B. par c. a discount. D. none of the aboveJ&J Manufacturing just issued a bond with a OMR1,000 face value and a coupon rate of 8%. If the bond has a life of 20 years, pays annual coupons, and the yield to maturity is 7.5%, what is the total present value of the bond's coupon payments? Select one: O a. OMR 815.56 O b. OMR 1,000.00 O c. OMR 341.15 O d.OMR 1,050.97 O e. OMR 235.41The Sisyphen Company has a bond outstanding with a face value of $1,000 that reaches maturity in 8 years. The bond certificate indicates that the stated coupon rate for this bond is 8.8% and that coupon are to be made Assuming the appropriate YTM on the Sisyphean bond is 9.9%, then the price that this bond trades for will be closest to OA $752 OB. $940 OC. $1,316 OD. $1.128