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1. Madsen Motors's bonds have 20 years remaining to maturity. Interest is paid annually; they have a $1,000 par value; the coupon interest rate is 9.5%; and the yield to maturity is 10%. What is the bond's current market price? Round your answer to the nearest cent.
2. A bond has a $1,000 par value, 15 years to maturity, and a 8% annual coupon and sells for $1,080.
a) What is its yield to maturity (YTM)? Round your answer to two decimal places.
b) Assume that the yield to maturity remains constant for the next 4 years. What will the price be 4 years from today? Do not round intermediate calculations. Round your answer to the nearest cent.
3. Nesmith Corporation's outstanding bonds have a $1,000 par value, a 6% semiannual coupon, 20 years to maturity, and an 10.5% YTM. What is the bond's price? Round your answer to the nearest cent.
The income each firm has available to pay its debt holders and stock holders (the firms asset funders)
What is its weighted cost of capital for the coming year?
Morning Star Inc. sold an issue of 30-year, $1,000 par value bonds to the public. The bonds has a 14.6% coupon rate and pays interest annually. It is now 7 years later. The current market rate of interest of the Morning Star INc. bonds is 11.7%. What..
T-bills are issued by the US government to cover the following except: their deficits. expenditures minus taxes. maturing government debt.all of the above are true.
determine the claims reserve that needs to be set (i.e. determine the present value of the geometric annuity).
Given a forward rate for year one of 5%, a forward rate for year 2 of 5.2% and a year 3 forward rate of 5.6%, determine the interest swap rate (i.e at par yield rate for an equivalent bond). You will need to calculate the spot rates from the forward ..
What is the sensitivity of your plan’s market value to changes in the market interest rate?
If a dollar-based investor used forward contracts to re-denominate this bond into dollars, what would be his rate of return?
Tangshang Industries production budget from the 2nd quarter of 2018, Calculate Total Direct Labor Cost for June 2018.
During the next day the futures price rises to $42.25 per barrel. What is the balance of your margin account at the end of the day assuming no cash flows?
Al borrows $7000 from Sue. He will repay the loan with annual payments at the end of the year. Payments are $1000, 2000, etc. plus a small final payment one year after the last regular payment. The rate of discount is 8% convertible quarterly. Find t..
Other than using different dividend discount models to find the estimated current share price.
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