Example of valuation of bonds and debentures, Finance Basics

Assignment Help:

Example of Valuation of Bonds and Debentures

K is contemplating purchasing a 3 year bond worth 40,000/= carrying a nominal coupon rate of interest of 10 percent.  K necessary rate of return is 6 percent.

What must he be willing to pay currently to purchase the bond if it matures at par?

Solution

Int  =       10 percent x 40,000 = 4,000 p.a.

n    =        3 yrs

Kd  =        6 percent

M   =        40,000

Vd  = 4,000 / (1.06)1 + 4,000 / (1.06)2 +4,000 / (1.06)3 +4,000 / (1.06)3      

      = 4,000 x PVAF6%,3 + 40,000 x PVIF6%,3 = (40,000 x 2.673) + (40,000 x 0.840)

      = 44,292


Related Discussions:- Example of valuation of bonds and debentures

Explain the term - underwriting, Explain the term - Underwriting Und...

Explain the term - Underwriting Underwriting is an agreement whereby underwriter promises to subscribe to a specified number of debentures or shares or a specified amount of

Holding company, Holding Company Such holds more than a half of the eq...

Holding Company Such holds more than a half of the equity share capital of other company or is a member and or controls a big percentage of Directors of the Board of one or mo

Example of valuation of bonds and debentures, Example of Valuation of Bonds...

Example of Valuation of Bonds and Debentures K is contemplating purchasing a 3 year bond worth 40,000/= carrying a nominal coupon rate of interest of 10 percent.  K necessary

How is finance related to the accounting and economics, How is finance rela...

How is finance related to the disciplines of accounting and economics? Financial management is necessarily a combination of economics and accounting. First, financial managers

Limitations of middle asia stock exchange index, Limitations of Middle Asia...

Limitations of Middle Asia Stock Exchange Index 1. The twenty (20) company's sample whose share prices are utilized to calculate the index are not true representatives. 2.

P/E ratio, How are earnings calculated for the Pe ratio?

How are earnings calculated for the Pe ratio?

Primary markets - financial markets, Primary Markets - Financial Markets ...

Primary Markets - Financial Markets These are markets such deal along with securities that have been issued for the first moment. The money flows directly from transferor or t

Factors of capital structure, Factors of Capital Structure 1. Availab...

Factors of Capital Structure 1. Availability of securities - This influences the company's employ of debt finance that means such if a company has enough securities, so then

Write Your Message!

Captcha
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