What is the price of the bond

Assignment Help Financial Management

Reference no: EM131525470

A bond has a coupon rate of 8.3 percent and 8 years until maturity. If the yield to maturity is 7.4 percent, what is the price of the bond? (Do not round intermediate calculations. Round your answer to 2 decimal places. Omit the "$" sign in your response.) Price of the bond $

Reference no: EM131525470

Questions Cloud

What is the present value of these payments if discount rate : What is the present value of these payments if the discount rate is 10 percent?

How did the major raf members die : What led to the student protests in Germany in the mid-1960s?How did the major RAF members die?

What is the mission of gasb : GASB considers budgetary accounting and reporting to be important. List the principles outlined by GASB related to budgetary accounting and reporting.

Alignment between performance and reward : You are asked to consider how measurement of performance can be improved as well getting better alignment between performance and reward.

What is the price of the bond : A bond has a coupon rate of 8.3 percent and 8 years until maturity. If the yield to maturity is 7.4 percent, what is the price of the bond?

Benefits should be offered to employees : What would you consider to be the most important factors when determining which benefits should be offered to employees?

Can there be objective or culturally neutral standards : Can there be objective or culturally neutral standards by which to judge the moral rules of societies different from your own?

Identify which fund would be used to account for the item : A state government collected a tax of $1.00 per pack of cigarettes which is (by law) required to be used to fund health and fitness programs in public schools.

Developing a policy on employee : What are the basic differences between a defined benefit pension plan and a defined contribution pension plan?

User Account

All Pages