Calculate the price of a $1,000 bond, offering a 6% coupon payment with 20 years left to maturity and a market interest rate of 7%. (Assume interest payments are semiannual.) Is this a discount or premium bond? Price: ___________Type ___________ 8.On March 24, 2020, the Dow Jones Industrial Average opened at $18,591.93 and closed at $20,704.91. What was the daily return that day, and what was the effective annual rate return (in percent) of the stock market that day? Daily Return: __________% EAR:_________ % 9. Financial analysts forecast GDY Inc.’s growth for the future to be 8%. GDY's recent annual dividend was $6.00. What is the value of GDY stock when the required return is 11%? Stock Value: $___________________
7. Calculate the price of a $1,000 bond, offering a 6% coupon payment with 20 years left to maturity and a market interest rate of 7%. (Assume interest payments are semiannual.) Is this a discount or premium bond?
Price: ___________Type ___________
8.On March 24, 2020, the Dow Jones Industrial Average opened at $18,591.93 and closed at $20,704.91. What was the daily return that day, and what was the effective annual
Daily Return: __________% EAR:_________ %
9. Financial analysts
Stock Value: $___________________
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