How many years is it until this bond matures

Assignment Help Financial Management

Reference no: EM13768144

The Lo Sun Corporation offers a 6.0 percent bond with a current market price of $809.50. The yield to maturity is 8.24 percent. The face value is $1,000. Interest is paid semi-annually.

How many years is it until this bond matures? Please provide detailed calculations to support your answer.

Reference no: EM13768144

Questions Cloud

What is the current value of one share of this stock : The Bell Weather Co. is a new firm in a rapidly growing industry. The company is planning on increasing its annual dividend by 19 percent a year for the next 4 years and then decreasing the growth rate to 3 percent per year. The company just paid its..

Evaluating two different machines : You are evaluating two different machines. Machine A costs $25,000, has a five-year life, and has an annual OCF (after tax) of -$6,000 per year. Machine B costs $30,000, has a seven-year life, and has an annual OCF (after tax) of -$5,500 per year. If..

Reduce the number of larcenies in a community : What can the police do to reduce the number of larcenies in a community? Does your community have an anti- shoplifting program

Preparing general journal adjusting entries : The interest accrued at 12/31 of this year on the note payable (current) of $65,000 at 12% needs to be accrued. You will need to calculate only one month's interest (previous months' interest have already been recorded). Interest will be paid next ye..

How many years is it until this bond matures : The Lo Sun Corporation offers a 6.0 percent bond with a current market price of $809.50. The yield to maturity is 8.24 percent. The face value is $1,000. Interest is paid semi-annually. How many years is it until this bond matures?

Reduce the number of larcenies in a community : What can the police do to reduce the number of larcenies in a community? Does your community have an anti- shoplifting program

The total direct costs of a debt issue : The total direct costs of a debt issue, when expressed as a percentage of gross proceeds, tends to do which of the following? Why?

Internal rate of return equals the required return : Which one of the following will occur when the internal rate of return equals the required return? Explain why?

Discuss the types of challenges that each sector face : Briefly discuss the types of challenges that each sector-both public and private-may face. Are there any legal issues, either criminal or civil, that need to be addressed before privatization can occur

User Account

All Pages