What is the current bond price

Assignment Help Financial Management
Reference no: EM13727146

Ninja Co. issued 10-year bonds a year ago at a coupon rate of 8.8 percent. The bonds make semi-annual payments. If the YTM on these bonds is 7.1 percent, what is the current bond price? Also how would I enter this in a finical?

Reference no: EM13727146

Questions Cloud

Should they still comply with record keeping standards : If a company isn't public - or better said is a small, private company - should they still comply with record keeping standards? Why?
What is the cost of gasoline : A large automobile manufacturer has developed a continuous variable transmission (CVT) that provides smooth shifting and enhances fuel efficiency by 3 mpg of gasoline. The extra cost of a CVT is $850 on the sticker price of a new car. For a particula..
What percent change was this from the re-evaluation rate : The Turkish Lira (TL) was officially devalued by the Turkish government in February 2001 during a severe political and economic crisis. The Turkish government announced on February 21 that the lira would be devalued by 20%. The spot exchange rate on ..
How their good/service contributed to economic progress : Provide a summary of the entrepreneur and their successes that make them a notable entrepreneur and Describe how their good/service contributed to economic progress and Share what economic obstacles they faced in the marketplace that they had to over..
What is the current bond price : Ninja Co. issued 10-year bonds a year ago at a coupon rate of 8.8 percent. The bonds make semi-annual payments. If the YTM on these bonds is 7.1 percent, what is the current bond price? Also how would I enter this in a finical?
Calculate the cost of preferred stock and common stock : Apple Corporation wants to issue bonds with a 9% coupon rate, a face value of $1,000, and 12 years to maturity. Apple estimates that the bonds will sell for $1,090 with issuing (floatation costs equal $15 per bond – this reflects an 8% before tax cos..
Assuming annual payments and assuming monthly payments : Suppose we are assuming a $5 million 20-year mortgage with 8 years remaining at a rate of 4%. If we could obtain a new 8-year mortgage for 5%, what is the value of assuming this mortgage?
Water municipality must deposit money into a sinking fund : To pay off $50,000,000 worth of new construction bonds when they come due in 18 years, a water municipality must deposit money into a sinking fund. Payments to the fund will be made quarterly, starting three months from now. If the interest rate for ..
Interest rate remains constant over entire period of time : Determine the current amount of money that must be invested at 14% nominal interest, compounded monthly, to provide an annuity of $11,500 (per year) for 6 years, starting 11 years from now. The interest rate remains constant over this entire period o..

Reviews

Write a Review

Financial Management Questions & Answers

  Evaluate the impact of a major customer

Analyse the current financial state of Anthony's Orchard and evaluate the impact of a major customer cancelling their expected order.

  An analysis of the revised project

Evaluate the project in light of this new information

  What is the amount of the operating cash flow

Paul's Boats has sales of $680,000 and a Net Profit Margin of 5.2 percent. The annual depreciation expense is $74,000. The tax rate is 34 percent. What is the amount of the operating cash flow if the company has no long-term debt?

  The price of custom solutions is now 65 the company pays no

the price of custom solutions is now 65. the company pays no dividends. mr. stephen conroy expects the price 4 years

  Yankee inc a us based mnc has recently decided to expand

yankee inc. a u.s. based mnc has recently decided to expand its international trade relationship by exporting to

  Explain the role of fincial manager

This assignment explain the role of fincial manager, function of manger. And what are the motives of financial manager.

  Discuss the following topic how can persistently weak

discuss the following topic how can persistently weak currencies be stabilized?many countries suffer from chronical

  Raising the additional funds needed

Prepare a memo to you staff explaining the steps that will be needed to construct a pro-forma financial statement for your company. Be sure to address the following: The forecast 201 x income statements, The forecast the 201x balance Sheet, Raising t..

  The finance department of a large corporation has evaluated

the finance department of a large corporation has evaluated a possible capital project using the npv method the payback

  Determine the relationship of each bud­ get line to volume

Explain how each amount in the flexible budget was calculated. (Hint Examine the static budget to determine the relationship of each bud­ get line to volume.)

  How much must ron deposit in sinking fund each six months

Ron borrows $20,000 for 20 years at an annual rate of interest of 10% convertible semi-annually. He repays $500 in interest at the end of each six months. The principal and the remaining accrued interest are to be paid at the end of 20 years by equal..

  Estimated incorrectly by the percent of sales method

Fixed assets are often estimated incorrectly by the percent of sales method because

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