Exotic Flower Imports has an outstanding issue of $1,000 face value bonds that mature in 8 years and sell for $1,041. The bonds pay interest annually, have a yield to maturity of 9.4 percent. What is the bonds' current yield? Don't round steps. 2 decimal answer %
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- The Saleemi Corporation's $1,000 bonds pay 6 percent interest annually and have 15 years until maturity. You can purchase the bond for $1,155. a. What is the yield to maturity on this bond? b. Should you purchase the bond if the yield to maturity on a comparable-risk bond is 6 percent? Question content area bottom Part 1 a. The yield to maturity on the Saleemi bonds is enter your response here%. Related to Checkpoint 9.2) (Yield to maturity) The Saleemi Corporation's $1,000 bonds pay 8 percent interest annually and have 15 years until maturity. You can purchase the bond for $1,075. a. What is the yield to maturity on this bond? b. Should you purchase the bond if the yield to maturity on a comparable-risk bond is 6 percent? Question content area bottom Part 1 a. The yield to maturity on the Saleemi bonds is enter your response here%. (Round to two decimal places.) Part 2 b. You ▼ should should not purchase the bonds because your yield to maturity on the Saleemi bonds is ▼ greater less than the one on a comparable risk bond. (Select from the drop-down menus.)(Related to Checkpoint 9.2) (Yield to maturity) Hoyden Co.'s bonds mature in 8 years and pay 11 percent interest annually. If you purchase the bonds for $1,075, what is their yield to maturity? Question content area bottom Part 1 The yield to maturity on the Hoyden bonds is enter your response here%. (Round to two decimal places.)
- (Related to Checkpoint 9.2) (Yield to maturity) The Saleemi Corporation's $1,000 bonds pay 12 percent interest annually and have 11 years until maturity. You can purchase the bond for $945. a. What is the yield to maturity on this bond? b. Should you purchase the bond if the yield to maturity on a comparable-risk bond is 14 percent? Question content area bottom Part 1 a. The yield to maturity on the Saleemi bonds is enter your response here%. (Round to two decimal places.)Use the following to answer questions 1 – 3 (Round answers to the nearest dollar) O Corp issues 5%, 20-year bonds with a total face amount of $1,000,000. The market interest rate for bonds of similar risk and maturity is 5%. Interest is paid annually. 1. $ How much will be paid in interest each interest payment? 2. $ (rounded to nearest dollar). What is the present value of the interest payments? 3. $4 What is the issue price of the bond?Current Attempt in Progress × Your answer is incorrect. Marin Inc. issues $2,100,000 of 7% bonds due in 10 years with interest payable at year-end. The current market rate of interest fo bonds of similar risk is 9%. Click here to view factor tables. What amount will Marin receive when it issues the bonds? (For calculation purposes, use 5 decimal places as displayed in the factor tabl provided and final answer to O decimal places, e.g. 458,581.)
- Fingen's 16-year, $1,000 par value bonds pay 11 percent interest annually. The market price of the bonds is $930 and the market's required yield to maturity on a comparable-risk bond is 14 percent. a. Compute the bond's yield to maturity. b. Determine the value of the bond to you, given your required rate of return. c. Should you purchase the bond? Question content area bottom Part 1 a. What is your yield to maturity on the Fingen bonds given the market price of the bonds?(Yield to maturity) Fitzgerald's 30-year bonds pay 7 percent interest annually on a $1,000 par value. If the bonds sell at $885, what is the bond's yield to maturity? What would be the yield to maturity if the bonds paid interest semiannually? Explain the difference. Question content area bottom Part 1 a. The bond's yield to maturity if the bond pays interest annually is enter your response here%. (Round to three decimal places.) Part 2 b. The bond's yield to maturity if the bond paid interest semiannually would be enter your response here%. (Round to three decimal places.) Part 3 c. Based on the findings in parts a and b, which of the following statements is correct? (Select the best choice below.) A. Other things being equal, the YTM is the same for both an annual bond and a semiannual bond if the bond is selling at a premium. B. Other things being equal, the YTM is the same for both an annual bond and a semiannual bond if the…Please use finance calculator An issue of bonds with par of $1,000 matures in 8 years and pays 9% p.a. interestsemi-annually. The market price of the bonds is $955 and your required rate of returnis 8%.(a) Calculate the bonds expected rate of return.(b) Calculate the value of the bond to you, given your required rate of return.(c) Should you purchase the bond? (State the reason for your decision.)
- (Related to Checkpoint 9.2) (Yield to maturity) Abner Corporation's bonds mature in 17 years and pay 8 percent interest annually. If you purchase the bonds for $825, what is your yield to maturity? Question content area bottom Part 1 Your yield to maturity on the Abner bonds is enter your response here%. (Round to two decimal places.)Current Attempt in Progress × Your answer is incorrect. Marin Inc. issues $2,100,000 of 7% bonds due in 10 years with interest payable at year-end. The current market rate of interest fa bonds of similar risk is 9%. Click here to view factor tables. What amount will Marin receive when it issues the bonds? (For calculation purposes, use 5 decimal places as displayed in the factor tabl provided and final answer to O decimal places, e.g. 458,581.)(Yield to maturity) Fitzgerald's 15-year bonds pay 8 percent interest annually on a $1,000 par value. If the bonds sell at $875, what is the bond's yield to maturity? What would be the yield to maturity if the bonds paid interest semiannually? Explain the difference. Question content area bottom Part 1 a. The bond's yield to maturity if the bond pays interest annually is enter your response here%. (Round to three decimal places.)