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Yield to maturity and future price
A bond has a $1,000 par value, 8 years to maturity, and a 6% annual coupon and sells for $930.
What is its yield to maturity (YTM)? Round your answer to two decimal places.
...........%
Assume that the yield to maturity remains constant for the next 5 years. What will the price be 5 years from today? Do not round intermediate calculations. Round your answer to the nearest cent.
$.......
Binomial Tree Farm’s financing includes $7 million of bank loans. Its common equity is shown in Binomial’s Annual Report at $6.87 million. It has 500,000 shares of common stock outstanding, which trade on the Wichita Stock Exchange at $16 per share. ..
What is the effect of stock (not cash) dividends and stock splits on the market price of common stock? Why do corporations declare stock splits and stock dividends?
After spending $600,000 for R&D, chemists at Cats Gone Wild have developed a new cat food called WOW-MEOW. The food will be packaged in an 8-ounce can and will be introduced to the cat food market, which is estimated to be 42 million 8-ounce cans nat..
A fire damaged one bedroom. The actual cash value of the loss is $10,000. The cost of repairs is $16,000. How much will the insurer pay for the loss?
Annual default frequencies are shown. LGD is 40 percent and the risk-free rate is 2.5 percent. What is the implied credit spread on the pool?
Killer Whale, Inc. has the following balance sheet statement items: total current liabilities of $675653; net fixed and other assets of $1232100; total assets of $3457010; and long-term debt of $883585. What is the amount of the firm's current assets..
Post Card Depot, an large retailer of post cards, orders 3,361,530 post cards per year from its manufacturer. Post Card Depot plans on ordering post card 19 times over the next year. What are the annual carrying costs of post card inventory
How much are you willing to pay for one share today if the risk-free rate is 8%, the expected rate of return on the market is 18%, and the companys beta is 2.0?
A stock price is currently $50. Over each of the next two six-month periods it is expected to go up by 15% or down by 10%. The risk-free interest rate is 5% per annum with continuous compounding. What is the value of a one year European put option wi..
You are evaluating a project for your company. You estimate the sales price to be $520 per unit and sales volume to be 2,200 units in year 1; 3,200 units in year 2; and 1,700 units in year 3. The project has a three-year life. Variable costs amount t..
Discuss reasons why banks might choose to include the following covenants in a loan agreement: a. Cash dividends cannot exceed 60 percent of pretax income. b. Interim financial statements must be provided monthly. c. Inventory turnover must be greate..
A pension fund manager is considering three mutual funds. The first is a stock fund, the second is a long-term government and corporate bond fund, and the third is a T-bill money market fund that yields a sure rate of 4.5%. What is the reward-to-vola..
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