What is the bond quote for a $4,000 face value bond with an 8 percent coupon rate (paid semiannually) and a required return of 7.5 percent if the bond is 6.48574, 8.47148, 10.519, and 14.87875 years from maturity? Note: Do not round intermediate calculations. Round your percentage answers to 3 decimal places (e.g., 32.161). Bond value (6.48574) Bond value (8.47148) Bond value (10.519) Bond value (14.87875) % % % %

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
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What is the bond quote for a $4,000 face value bond with an 8 percent coupon rate (paid semiannually) and a required
return of 7.5 percent if the bond is 6.48574, 8.47148, 10.519, and 14.87875 years from maturity?
Note: Do not round intermediate calculations. Round your percentage answers to 3 decimal places (e.g., 32.161).
Bond value (6.48574)
Bond value (8.47148)
Bond value (10.519)
Bond value (14.87875)
%
%
%
%
Transcribed Image Text:What is the bond quote for a $4,000 face value bond with an 8 percent coupon rate (paid semiannually) and a required return of 7.5 percent if the bond is 6.48574, 8.47148, 10.519, and 14.87875 years from maturity? Note: Do not round intermediate calculations. Round your percentage answers to 3 decimal places (e.g., 32.161). Bond value (6.48574) Bond value (8.47148) Bond value (10.519) Bond value (14.87875) % % % %
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