Calculate the current price-current yield to maturity

Assignment Help Financial Management

Reference no: EM131336438

Calculate the current price of a $1, 000 par value bond that has a coupon rate of 9 percent, pays coupon interest annually, has 13 years remaining to maturity, and has a current yield to maturity (discount rate) of 12 percent. (Round your answer to 2 decimal places and record without dollar sign or commas).

Reference no: EM131336438

Questions Cloud

Develop a security plan and recommendation memo : Develop a Security Plan and Recommendation Memo to the CIO. The Plan must communicate the security strategy and technologies you are recommending from Project1/Project3/Case Study4. Include a brief description of the technologies you are proposing ..

Determine optimal ordering frequency : Determine Optimal ordering frequency.- Average inventory and annual carrying costs.- Reorder point.- Amount of safety stock, in units.

Executive summary of a recent article on lean manufacturing : Please write 600 Word Executive Summary of a recent article on Lean Manufacturing or Six Sigma that demonstrates respect for people or its relative to it.

Strategic partnership with microsoft : In 2011, Nokia announced a strategic partnership with Microsoft, a new strategy and a new internal organization. Microsoft (2011) reported on the changes:

Calculate the current price-current yield to maturity : Calculate the current price of a $1, 000 par value bond that has a coupon rate of 9 percent, pays coupon interest annually, has 13 years remaining to maturity, and has a current yield to maturity (discount rate) of 12 percent.

Discuss the difference between power and authority : Legitimate power belongs to someone who occupies a particular job, office, or position in an organizational hierarchy. Discuss the difference between power and authority;

What is your real rate of return if the inflation rate : You purchase 100 shares of stock for $50 a share. The stock pays a $4 per share dividend at year-end. What is the rate of return on your investment if the end-of-year stock price is (i) $46; (ii) $50; (iii) $55? What is your real (inflation-adjusted)..

Understanding of psychological and sociological constructs : Why is it important that probation and parole officers have the knowledge and understanding of psychological and sociological constructs and theories

Personal biases and pitfalls : Even the most intelligent manager is prone to personal biases and pitfalls that can lead to bad decisions. We all carry biases based on our personal experiences. And we can all fall into various traps that lead to decisions that seem perfectly log..

User Account

All Pages