Compute the current price of the bonds

Reference no: EM1352715

Grossnickle Corporation issued a 20-year, non-callable, 6.3% annual coupon bonds at their par value of $1,000 one year ago. Today, the market interest rate on these bonds is 5.5%. What is the current price of the bonds, given that they now have 19 years to maturity?

$1,136.58
$950.79
$1,289.58
$1,049.15
$1,092.86

Reference no: EM1352715

Questions Cloud

Many of varieties are being used in restaurants in chicago : Many of your varieties are being used in restaurants in Chicago and have been well accepted by chefs and customers

Find tension in string when the ball is at very bottom : At the very bottom of the circle, a too sharp knife is suddenly inserted to cut the string directly below the point of support. How far to the right of where the string was cut does the ball hit the floor.

First and second language acquisition : Is there any research comparing first language acquisition to learning a second language (or third, or fourth...)?

Create a class uses a 25-element array of digits : Create a class HugeInteger which uses a 25-element array of didgits to store integers as large as 25 digits. Provide services inputHugeInteger, otputHugeInteger.

Compute the current price of the bonds : Grossnickle Company issued a twenty year, non-callable, 6.3% annual coupon bonds at their par value of $1,000 one year ago. Today, the market interest rate on these bonds is 5.5 percent.

What should the manager have done to make it functional : What should the manager have done to make it functional and what specific recommendations would you make for an organization to create an atmosphere conducive to functional conflict?

Relationship between language and thought : What is the relationship between language and thought? What information did you find about the Sapir-Whorf hypothesis?

Produce a low- pitch by altering the length of the string : A 5 kg toy race car can move along an x axis. It gives Fx of the force acting on the car, that begins at rest at time t = 0. (The vertical axis is marked in increments of 2.5 N.) what is the momentum at t=6?

Leaders and managers : Leaders and Managers - Primary thinking process

User Account

All Pages