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Assume that the Financial Management Corporation's $1,000-par-value bond has a 5.700% coupon, matured on May 15, 2017, had a current price quote of 97.708, and had a yield to maturity (YTM) of 6.034%.
Given this information, answer the following questions:
a. What was the dollar price of the bond?b. What is the bond's current yield?c. Is the bond selling at par, at a discount, or at a premium? Why?d. Compare the bond's current yield calculated in part b to it's YTM and explain why they differ.
What are some of the factors you should consider when buying a bond?
Construct an example of the cycle of money, identify all the players involved, and identify their individual benefits from participating in the cycle of money.
The fund itself has 1500 of its own shares outstanding. What is the NAV of a fund's share?
How should a corporation estimate the amount of financing that must be raised externally during a given year? Once that amount is known, what other decision must be made?
Computation of the current yield on the bond and yield to maturity and A bond has 10 years until maturity, a coupon rate of 8%. and sells for $1,100.
Are bond prices fixed or do they fluctuate (explain)? Recommend one bond or bond fund for me to purchase. Provide a weblink for the bond purchase recommendation.
What is the maximum initial cost the company would be willing to pay for the project? (Enter your answer in dollars, not millions of dollars, i.e. 1,234,567. Do not round intermediate calculations and round your final answer to the nearest whole d..
Ron's Pharmacy has collected $600 in sales taxes during the March. If sales taxes must be remitted to state government monthly, what entry will Ron's Pharmacy create to demonstrate the March remittance?
A 10 year, 6% semiannual, $1,000 bond was issued and immediately the current market rates rose to 8% (compounded semi annually). How much could that bond be sold for today?
zero-coupon bond A U.S. Government bond with a face amount of $10,000 with 8 years to maturity is yielding 3.5%. What is the current selling price?
A gift shop sells Little Lentils -cuddly animal dolls stuffed with dried lentils -at a very steady pace of 10 per day, 310 days per year. The wholesale cost of the dolls is $5.00, and the gift shop uses an annual interest rate of 20 percent to com..
Calculate the average collection period for each year. c. Based on the receivables turnover for 2010, estimate the investment in receivables if net sales were $1,300,000 in 2011. d. How much of a change in the 2011 receivables occurred?
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