Suppose the following bond quotes for IOU Corporation appear in the financial page of today's newspaper. Assume the bond has a face value of $2,000 and the current date is April 19, 2021. Company (Ticker) IOU (IOU) Coupon 5.6 a. YTM b. Current yield Maturity April 19, 2037 % % Last Price Last Yield 109.40 ?? a. What is the yield to maturity of the bond? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) b. What is the current yield? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) EST volume (000s) 1,843

Suppose the following bond quotes for IOU Corporation appear in the financial page of today's newspaper. Assume the bond has a face value of $2,000 and the current date is April 19, 2021. Company (Ticker) IOU (IOU) Coupon 5.6 a. YTM b. Current yield Maturity April 19, 2037 % % Last Price Last Yield 109.40 ?? a. What is the yield to maturity of the bond? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) b. What is the current yield? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) EST volume (000s) 1,843

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Suppose the following bond quote for IOU Corporation appears in the financial page of today's newspaper. Assume the bond has a face value of $1,000, and the current date is April 19, 2022. (000s) Estimated Volume 7.15 Maturity April 19, 2042 Last Price Last Yield 92.843 ?? Company (Ticker) Coupon IOU (IOU) a. What is the yield to maturity of the bond? 85 Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16. b. What is the current yield? Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16. a. Yield to maturity b. Current yield % %
Assume the below information to answer the following question. Last Price A. 14.2% B. 18.9% OC. 16.8% OD. 11.0% Company Coupon Maturity Ford (F) 11.0 July 31, 2014 Based on the above table, what is the last yield for this bond? Last Yield 65.50 ? EST EST VOL. Spread UST (000s) 104 10 5,100 }
You find the following corporate bond quotes. To calculate the number of years until maturity, assume that it is currently January 15, 2022. The bonds have a par value of $2,000 and semiannual coupons. Company (Ticker) Xenon, Incorporated (XIC) Kenny Corporation (KCC) Williams Company (WICO) Coupon 6.300 7.210 ?? a. Price b. Current yield Maturity January 15, 2043 January 15, 2037 January 15, 2039 % Last Price Last Yield 94.291 ?? 6.20 ?? 94.825 7.02 Estimated $ Volume (000s) 57,371 a. What price would you expect to pay for the Kenny Corporation bond? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16. b. What is the bond's current yield? Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16. 48,950 43,811
S Suppose the following bond quotes for IOU Corporation appear in the financial page of today's newspaper. Assume the bond has a face value of $2,000 and the current date is April 19, 2021. Assume semiannual coupon payments. Company (Ticker) IOU (IOU) Coupon 5.7 Maturity April 19, 2043 Last Price 108.96 Last Yield ?? EST volume (000s) 1,827 a. What is the yield to maturity of the bond? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) b. What is the current yield? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) a. YTM b. Current yield % %
You find the following corporate bond quotes. To calculate the number of years until maturity, assume that it is currently January 15, 2022. The bonds have a par value of $2,000 and semiannual coupons. Estimated $ Volume Company (Ticker) Xenon, Incorporated (XIC) Kenny Corporation (KCC) Coupon 5.700 Williams Company (WICO) 7.150 ?? Maturity January 15, 2037 January 15, 2031 Last Price Last Yield 94.219 ?? (000s) ?? 57,365 6.08 48,944 January 15, 2033 94.765. 6.90 43,805 a. What price would you expect to pay for the Kenny Corporation bond? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16. b. What is the bond's current yield? Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16. a. Price b. Current yield $ 2,088 87 6.85%
am. 09.
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ces You find the following corporate bond quotes. To calculate the number of years until maturity, assume that it is currently January 15, 2022. The bonds have a par value of $2,000 and semiannual coupons. Company (Ticker) Xenon, Incorporated (XIC) Kenny Corporation (KCC) Williams Company (ICO) Coupon 6.100 Coupon rate 7.190 ?? Maturity January 15, 2041 January 15, 2035 January 15, 2037 Last Price Last Yield 94.267 ?? ?? 6.16 94.805 6.98 Estimated $ Volume (000s) 57,369 48,948 43,009 What is the coupon rate for the Williams Company bond? Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.
Use the following corporate bond quotes to answer Questions 31-33: To calculate the number of years until maturity, assume that it is currently January 15, 2022. All of the bonds have a $2,000 par value and pay semiannual coupons. Company (Ticker) Xenon, Inc. (XIC) Kenny Corp. (KCC) Williams Co. (WICO) LO2 31. LO2 32. Coupon Maturity 5.400 Jan 15, 2034 4.125 Last Price 92.685 Jan 15, 2029 ?? Jan 15, 2031 104.310 ?? Last Yield ?? 3.84 4.12 Bond Yields What is the yield to maturity for the bond issued by Xenon, Inc.? Bond Prices What price would you expect to pay for the Kenny Corp. bond? What is the bond's current yield? Est $ Vol (000s) 57,362 48,941 43,802 Page 207
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Suppose the following bond quote for IOU Corporation appears in the financial page of today's newspaper. Assume the bond has a face value of $1,000 and the current date is April 15, 2019. Company (Ticker) Coupon Maturity Last Price Last Yield EST Vol (000s) IOU (IOU) 7.0 Apr 15, 2032 104.267 ? ? 1,841 a. What is the yield to maturity of the bond? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) b. What is the current yield? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

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