What is the dollar value of an one for the bond

Assignment Help Financial Management
Reference no: EM131530463

There is a 8.4 percent coupon bond with eleven years to maturity and a current price of $1,041.40. What is the dollar value of an 01 for the bond? (Do not round intermediate calculations. Round your answer to 3 decimal places. Omit the "$" sign in your response.)

Reference no: EM131530463

Questions Cloud

Is the graphs pattern linear-quadratic or exponential : Is the graph's pattern linear, quadratic, rational, or exponential? Choose the equation from the list at the end that best models this data.
Research paper on methamphetamine in the military : A research paper on methamphetamine in the military during WW2. It is a fascinating story of bomber pilot's hallucinating from "amphetamine psychosis" at 27,000
Research and summarize the central beliefs of the religion : Research and summarize the central beliefs of the religion. Where did you see these beliefs reflected in the service you attended?
What is the value of gdp in micronia : At right is a simplified circular-flow diagram for the economy of Micronia. (Note that there is no investment in Micronia.)
What is the dollar value of an one for the bond : There is a 8.4 percent coupon bond with eleven years to maturity and a current price of $1,041.40. What is the dollar value of an 01 for the bond?
What is the value of disposable income : A more complex circularflow diagram for the economy of Macronia is shown at right. (Note that Macronia has investment and financial markets.)
How much would the investment be worth after three months : If the treasurer invested the company's funds in the U.S., how much would the investment be worth after three months?
Calculate private investment spending : The components of GDP in the accompanying table were produced by the Bureau of Economic Analysis.
Calculate cost capital name of stock the is equity : Calculate Cost Capital Name of stock the is equity for Assignment market of Titan Assume shares 6% Executive solution, Assume the outstanding and current

Reviews

Write a Review

Financial Management Questions & Answers

  What would be your total real return on investment

You bought one of Rocky Mountain Manufacturing Co.’s 9 percent coupon bonds one year ago for $1,047.30. These bonds make annual payments and mature seven years from now. Suppose that you decide to sell your bonds today, when the required return on th..

  What rate of return is built into the annuity

Suppose you just won the state lottery, and you have a choice between receiving $2,075,000 today or a 15-year annuity of $300,000, with the first payment coming one year from today. What rate of return is built into the annuity? Disregard taxes.

  An individual investor considers investing

An individual investor considers investing in an XYZ Corp. bond decides not to purchase the bond. Which of the following statements is most correct?

  Most loans are a form of perpetuity

PV of annuity due is always smaller than the PV of ordinary annuity (assuming interest rate is greater than 0). FV of annuity due is larger than the FV of ordinary annuity (assuming interest rate is greater than 0). A perpetuity composed of $100 mont..

  What is WACC for the firm with its new capital structure

An unlevered firm, CEA Inc., has 160,000 common shares issued and outstanding. It has a perpetual constant EBIT of $800,000 and an unlevered beta of 1.5. The firm has corporate tax rate of 40%. The market risk premium is 8% and the risk- free rate is..

  Calculate the equivalent annual cash flows the project

Allied Products, Inc., is considering a new product launch. The firm expects to have annual operating cash flow of $9.5 million for the next eight years. After the first year, the project can be dismantled and sold for $26.5 million. If the estimates..

  What is the average tax rate for firm with taxable income

The tax rates are as shown. Taxable Income Tax Rate $0 – 50,000 15% 50,001 – 75,000 25% 75,001 – 100,000 34% 100,001 – 335,000 39% What is the average tax rate for a firm with taxable income of $127,013?

  Pay any dividends because it is expanding rapidly

Simpkins Corporation does not pay any dividends because it is expanding rapidly and needs to retain all of its earnings. However, investors expect Simpkins to begin paying dividends, with the first dividend of $0.50 coming 3 years from today. If the ..

  Data from firm pro forma financial statements

Use the following data from a firm's pro forma financial statements to calculate the following ratios for the firm: (a) current ratio to measure liquidity; (b) debt-equity ratio to measure leverage; (c) accounts receivable turnover to measure efficie..

  Considering using the payback period for capital-budgeting

Your company (Apple Inc) is considering using the payback period for capital-budgeting. Discuss the advantages and disadvantages of this technique. Your company (Apple Inc) is considering the construction of a new building. The building will have an ..

  Using the discounted cash flow approach

The earnings, dividends, and common stock price of Shelby Inc. are expected to grow at 5% per year in the future. Shelby's common stock sells for $29.50 per share, its last dividend was $1.80, and the company will pay a dividend of $1.89 at the end o..

  Uses the profitability index when evaluating projects

Gold mining, inc uses the profitability index when evaluating projects.

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