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Quantitative Problem: Potter Industries has a bond issue outstanding with an annual coupon of 6% and a 10-year maturity. The par value of the bond is $1,000. If the going annual interest rate is 8.8%, what is the value of the bond? Round your answer to the nearest cent. Do not round intermediate calculations.
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Quantitative Problem: Potter Industries has a bond issue outstanding with a 6% coupon rate with semiannual payments of $30, and a 10-year maturity. The par value of the bond is $1,000. If the going annual interest rate is 8.8%, what is the value of the bond? Round your answer to the nearest cent. Do not round intermediate calculations.
Calculate the price of a zero coupon bond that matures in 15 years if the market interest rate is 5.5 percent. Par Value $1000. Zero coupon bond price .
Expert Security Inc. has 9 percent coupon bonds on the market with five (5 ) years left until maturity. These bonds make annual payments. If the yield to maturity on t he bond is 8 percent, what is the current price of the bond? What would be the pr ..
Isabella purchased $20,000 worth of 26-week T-Bills for $19,525. What will be the rate of return on her investment? An individual purchased a 6-year, $10,000 promissory note with an interest rate of 3.5%/year compounded semi annually. How much did th..
Naggpawh fabrics has issued a 30 year par value bond that is callable in 5 years. If the coupon rate is 5.5% payable semi-annually, what is this bond’s yield to call if the yield to maturity is 8% and the call premium is one year’s interest (55 dolla..
You want to buy a new sports coupe for $74,300, and the finance office at the dealership has quoted you a loan with an APR of 6.7 percent for 72 months to buy the car. 1: What will your monthly payments be? What is the effective annual rate on this l..
A stock had returns of 11 percent, -18 percent, -21 percent, 20 percent, and 34 percent over the past five years. What is the standard deviation of these returns?
Suppose a company has net income of $1000,000 and a plowback ratio of 40%. There are 50,000 shares of stock outstanding. The company plans to increase dividends by 22% each year for the next 2 years and then apply a 2.25% growth rate to dividends eac..
Harper’s Dog Pens, Inc., with the help of its investment bank, recently issued $194.3 million of new debt. The offer price on the debt was $1,000 per bond and the underwriter’s spread was 5 percent of the gross proceeds. Calculate the amount of capit..
A machine at a bottling plant that has a first cost of $150,000, operating and maintenance costs of $17,500 per year, and an estimated net salvage value of $25,000 at the end of thirty years. Assume an interest rate of 8%. What is the present equiv..
ECRI Corporation is a holding company with four main subsidiaries. The percentage of its business coming from each of the subsidiaries, and their respective betas, are as follows: What is the holding company’s beta? Assume that the risk-free rate is ..
Garnishes, Inc. has sales for the year of $46,300 and cost of goods sold of $21,700. The firm carries an average inventory of $4,800 and has an average accounts payable balance of $4,400. What is the inventory period?
For a project with no negative future outflows the discounted payback period cannot be shorter than the accounting (non-discounted) payback period. Assume Rodriquez Inc. has a 5-year maturity non-convertible zero coupon bond. If interest rates fall b..
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