On August 16, 2012, a bond had a market price of $8,240.66 and accrued interest of $157.95 when the market rate was 8%. What is the bond's face value if it matures on May 15, 2033?
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On August 16, 2012, a bond had a market price of $8,240.66 and accrued interest of $157.95 when the market rate was 8%. What is the bond's face value if it matures on May 15, 2033?
The answer is $10,000 but I need help with the process. Thank you in advance!
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- Hello,I need help with the following question.On March 1, 2011, someone purchased 60K bond for 17 years at face value. The company regularly pays the annual interest rate due on its bonds.On March 1, 2016, the market interest rate is 8% and the purchaser is considering selling the bond. What is the market value of the bonds on March 1, 2016?Thank you very much for your help,MichaelOn Monday March 6, 2023 you purchase a $1,000 Treasury bond that matures on May15, 2031 (settlement occurs one day after purchase, so you receive actual ownership of the bond on Tuesday March 7th, 2023). The coupon rate on the Treasury-note is 4.00 percent. The last coupon payment occurred on November 15, 2022, and the next coupon payment will be paid on May 15, 2023. The price that your dealer quotes you is $978.38 Yields on similar bonds are currently 4.5% Calculate the dirty price of this bond.A4) Finance On August 16, 2012, a bond had a market price of $8,240.66 and accrued interest of $157.95 when the market rate was 8%What is the bond's face value if it matures on May 15, 2033?
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