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 6.500 7.230 ?? a. Price b. Current yield Maturity January 15, 2045 January 15, 2039 January 15, 2041 % Last Price Last Yield 94.315 ?? 94.845 ?? 6.24 7.06 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. Estimated $ Volume (000s) 57,373 48,952 43,813

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 6.500 7.230 ?? a. Price b. Current yield Maturity January 15, 2045 January 15, 2039 January 15, 2041 % Last Price Last Yield 94.315 ?? 94.845 ?? 6.24 7.06 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. Estimated $ Volume (000s) 57,373 48,952 43,813

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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Company I issues a $40,000,000 bond on January 1, 2020 with a coupon rate of 7%. The present value of the bond is $37,282,062 and the market rate of interest was 8%. The bond has a 10-year life and will make semiannual interest payments and will use the straight line amortization method. A) Is the bond issued at a face value, a discount, or premium? B) What is the amount of the semi-annual interest payments? C) What is the amount that will be recorded to interest expense each time an interest payment is made? D) What is the carrying value of the bond on December 31, 2021?
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IS - Sampoerna. O Dashboard VitalSource Booksh. O Spotify - Web Player Company XYZ's bonds have 12 years remaining to maturity, interest is paid annually, the bonds have $1,000 par value, and the coupon rate is 8%. The bonds have a yield to maturity of 9%. What is the current market price of these bonds?* a. 828.78 b. 968.39 c. 1,000,00 d. 1,075.36 O e. none of the above Which of the following statement is (are) correct? a zero coupon bend means the bond does not give (pay) coupon until maturity O b. the price of zero coupon bond is always at discount until its maturity O c. the price of bond will be at discount when the coupon is lower than its interest ra da and b e. a, b and c
Mansukhbhai
Finance
On March 13, 2030, you purchase a $1000 par value corporate bond that has a 12% and makes semiannual payments. The bond last paid a coupon on February 15, 2030 and is due to pay its next coupon on August 15, 2030. Assume that the bond’s day-count convention is the standard one for corporate bonds and note that 2030 is not a leap year. What is the accrued interest on this bond?
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 rate Coupon 7.000 7.280 ?? % Maturity January 15, 2041 January 15, 2035 January 15, 2037 Last Price Last Yield 94.375 ?? 94.895 ?? 6.34 7.16 Estimated $ Volume (000s) 57,378 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. 48,957 43,818
On January 31, 2022 you purchased a newly issued 5.6% coupon bond issued by the Dana Corporation for $1,023.56. The bond is noncallable and matures January 31, 2048. You decide to sell the bond April 30, 2023 when the bond’s yield to maturity was 4.82 percent. Based on a 30/360 day-count method, how much will you receive from the sale of the bond (including accrued interest)? Consider the December 31, 2022 and 2021 balance sheet for the Jasper Company and the income statement for the year ended December 31, 2022: JASPER COMPANY Balance Sheets as of December 31, 2022 and 2021 Assets 2022 2021 Cash $ 405 $310 Accounts receivable 3,055 2,640 Inventory 3,850 3,275 Property, plant, and equipment (net) 10,670 10,960 Total $17,980 $17,185 Liabilities and Stockholder’s Equity 2022 2021 Accounts payable $ 2,570 $ 2,720 Current portion of long-term debt payable 0 100…
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. Estimated $ Volume Company (Ticker). Coupon Xenon, Incorporated (XIC) 5.400 Maturity January 15, 2034 Kenny Corporation (KCC) 4.125 Williams Company (WICO) ??? January 15, 2029 January 15, 2031 Last Price 92.685 ?? Last Yield (000s) PP 57,362 3.84 48,941 104.310 4.12 43,802 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 %

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