User Account

All Pages

Current price of the bond-mini max inc

Assignment Help Finance Basics
Reference no: EM132548126

6 years ago, Mini Max Inc. issued 30 year to maturity zero-coupon bonds with a par value of $1,000. Now the bond has a yield to maturity of 12.96 percent, compounded semi-annually. What is the current price of the bond? Round the answer to two decimal places.

Reference no: EM132548126

Questions Cloud

Identify those who are developing and using GIS software : Analyze how state and local governments have employed GIS to tackle the issues of displaying and analyzing information in a geographical manner.
What are the factors that make these spaces possible : What are the spaces in your own life in which you find meaning and strength? what are the factors that make these spaces possible? Min 250 words.
Discuss about stocking the item at distribution centers : Discuss about Stocking the item at distribution centers and having a truck make deliveries from the center to the retail stores and to individual customers
Business managers use accounting and financial information : How can business managers use accounting and financial information to help a company make good business decisions?
Current price of the bond-mini max inc : 6 years ago, Mini Max Inc. issued 30 year to maturity zero-coupon bonds with a par value of $1,000. Now the bond has a yield to maturity
How each model would work in your grant-funded project : In a 2- to 3-slide PowerPoint presentation with recorded voiceover, compare and contrast the four models of proposal development (individual, consultative).
Describe the topic have selected for capstone project : Describe the topic you have selected for your Capstone Project. Be sure your topic is narrow enough to be able to identify a specific problem.
Community relations-business and society : Discuss ways that your local community is pulling together and supporting one another during the current pandemic/COVID.
Cash budgeting analysis : Companies often have to take risks that could potentially jeopardize their cash flow

Reviews

Write a Review

Finance Basics Questions & Answers

  Calculate the incremental npv of the lease agreement

Calculate the incremental NPV of the lease agreement and ascertain if the company should take out the lease. Show all workings.

  What is the predicted sales price for a house

What is the regression equation relating square footage to listing price? Using the regression equation that you designated in #3(d) above, what is the predicted sales price for a house of 2100 square feet?

  Question regarding the bond current yield

A bond with a coupon rate of 12.5% per year (payable semi-annually) has a remaining life of 7.5 years and a yield to maturity of 14%. What is the bond's current yield? Assume the bond is fairly priced.

  Given the following information create a monthly cash

given the following informationsalesjune100000july500000august100000september50000october100000november1000000a. 40 of

  We want simple ladder diagram for asphalt plants and

we want simple ladder diagram for asphalt plants and concrete mixers for full automatic operation it is always used

  Determining the annual dividend-stana inc

Stana, Inc., has preferred stock outstanding that sells for $103.57 per share. If the required return is 4.17 percent, what is the annual dividend?

  Formulate an linear program to maximize the total return

Polly woodsides is planning to invest her savings of $100,000 into three stocks: ABC, PQR, and XYZ. For each dollar invested, she can expect to get 4%, 6.5%.

  Critical evaluation of a recent business combination

From information published in financial newspapers, provide a detailed account and critical evaluation of a recent business combination.

  Represents the market portfolio

You are given following stock returns for M, X and Y over a seven year period. M represents the market portfolio, and X and Y are individual stocks. All returns are given as whole percents.

  What is the balance remaining on mortgage

Mortgage payments are made at the beginning of each month. What is the balance remaining on this mortgage after the 60th payment?

  You friend has decided to buy a car that cost 15000 three

you friend has decided to buy a car that cost 15000 three banks offered to you loans all of them will give 15000 by

  Situations in which the law might enforce

However, consideration has also been used to invalidate what might otherwise be acceptable situations in which the law might enforce.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd