What is the current bond price

Assignment Help Financial Management

Reference no: EM13909196

Great Wall Pizzeria issued 6-year bonds one year ago at a coupon rate of 6.3 percent. If the YTM on these bonds is 8.4 percent, what is the current bond price? (Do not round intermediate calculations. Round your answer to 2 decimal places. Omit the "$" sign in your response.)

Price $

Reference no: EM13909196

Questions Cloud

Research differences in u.s. and japanese management : 1.Research differences in U.S. and Japanese management and negotiation styles. Explain how this would affect actual negotiation of a product or service chosen by you.

Primary equity interest only debt : The residual position (the portion retained by the issuer) in the CMO offering is considered which kind of position? Primary Equity Interest only Debt

Problem leverage-long-term debt-equity ratio : A firm has a long-term debt-equity ratio of .4. Shareholders’ equity is $1 million. Current assets are $200,000, and the current ratio is 2. The only current liabilities are notes payable. What is the total debt ratio?

What is the macaulay duration and modified duration : What is the Macaulay duration of a 7.4 percent coupon bond with six years to maturity and a current price of $1,029.90? What is the modified duration?

What is the current bond price : Great Wall Pizzeria issued 6-year bonds one year ago at a coupon rate of 6.3 percent. If the YTM on these bonds is 8.4 percent, what is the current bond price?

What is the bank discount yield-bond equivalent yield : A Treasury bill with 113 days to maturity is quoted at 98.630. What is the bank discount yield, the bond equivalent yield, and the effective annual return?

Prepare a forecasted contribution margin income statement : To obtain these savings, the company must increase its annual fixed costs by $150,000. The maximum output capacity of the company is 40,000 units per year.

Paper - software security operations in cloud computing : Comments/Deadline : Topic "Software Security Operations in Cloud Computing"( The topic must relevant to Software Security concepts, operations, trends, or best practices.)

What is the bond equivalent yield : A U.S. Treasury bill with 64 days to maturity is quoted at a discount yield of 1.75 percent. What is the bond equivalent yield?

User Account

All Pages