What is dollar price of the bond

Assignment Help Financial Management
Reference no: EM131920985

Union Local School District has bonds outstanding with a coupon rate of 3.9 percent paid semiannually and 22 years to maturity. The yield to maturity on these bonds is 4.5 percent and the bonds have a par value of $10,000.

What is the dollar price of the bond? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Bond price $

Reference no: EM131920985

Questions Cloud

What is social engineering : Describe how social engineering is used to target organizations (and individuals), including the approach used and the intended outcome?
Agile management and traditional project management : What is the difference between agile management and traditional project management?
What is the percentage change in the price of bonds : If interest rates suddenly rise by 2 percent, what is the percentage change in the price of these bonds?
How far do you agree with the management : How far do you agree with the management that performance appraisal should be discontinued?
What is dollar price of the bond : What is the dollar price of the bond?
Should a firm install an expensive safety device : Should a marketing manager or a business refuse to produce an "energy-gobbling" appliance that some consumers are demanding? Should a firm install an expensive.
Evaluate the optimum decision regions : Consider a binary transmission system in AWGN noise with PSD N0 2 . Let the two employed waveforms not be equally likely, that is p1 = p and p2 = 1 - p.
Explain the importance of an environmental issue : Research and explain the importance of an environmental issue (fracking, hazardous waste disposal, oil pipeline leaks, deforestation, etc.) faced by business.
What is the essence of their ideas : It is required to submit a very brief (two to three sentences) summary of the main points of the author(s).

Reviews

Write a Review

Financial Management Questions & Answers

  Capital budgeting and dividend policy

We examined two very important topics in finance this week; Capital Budgeting and Dividend Policy. Critically reflect on the importance of selecting the right projects in which to invest capital. Do we always select those projects that have the highe..

  What weighted average cost of capital-potential projects

A company’s balance sheets show a total of $30 million long-term debt with a coupon rate of 9 percent. The yield to maturity on this debt is 11.11 percent, and the debt has a total current market value of $25 million. What weighted average cost of ca..

  Bonds yield to maturity in the bond matures

A bond's market price is $1,100. It has a $1,000 par value, will mature in 12 years and has a coupon interest rate of 11 percent annual interest, but makes its interest payment semiannually. what is the bond's yield] to maturity? What happens to the ..

  The portfolio be after the purchase of the alpha stock

Assume that you hold a well-diversified portfolio that has an expected return of 11.0% and a beta of 1.20. You are in the process of buying 1,000 shares of Alpha Corp at $10 a share and adding it to your portfolio. Alpha has an expected return of 17...

  Find the value of the infinite fixed annuity

What is the value today of a fixed annuity that pays 1 each year from T1 = 1 to Tn = n? -  Find the value of the infinite fixed annuity as n → ∞.

  How might qantas use specific business tools to assist

Qantas is the world's second oldest airline, having been founded in the Australian outback in 1920.It is Australia's largest domestic and international airline.

  What is the present value of the investment

An investment will pay $1,008 two years from now, $3,390 four years from now. and $3,058 five years from now. If the opportunity rate is 14.10 percent what is the present value of the investment?

  Question 1history proves thata countries with low rates of

question 1history proves thata. countries with low rates of money growth have high rates of inflationb. money growth

  Consequences of not having done any stock split

Warrent Buffett, chairman and chief executive of Berkshire Hathaway commented in Berkshire's 1983 annual report: "We are often asked why Berkshire does not split its stock.... we want shareholders who think to themselves as business owners with the i..

  Coupon bond with annual coupon payments

Question BM has just issued a callable (at par) 5 year, 20% coupon bond with annual coupon payments. The bond can be called at par in one year or anytime thereafter on a coupon payment date. It has a price of $90 per $100 face value. What is the bond..

  Understand yield curve of commonwealth government securities

As an analyst for ANZ, part of your job is to understand the yield curve of Commonwealth Government Securities.

  Shareholders to influence corporate policy depends

The ability of shareholders to influence corporate policy depends importantly on

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!

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