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A 15-year bond with a face value of $1,000 currently sells for $850. Which of the following statements is CORRECT? A The bond’s coupon rate exceeds the discount rate. B The bond’s coupon rate is identical to the discount rate. C The bond’s price is at a premium. D The bond’s price is at a par. E The bond’s coupon rate is less than the discount rate.
You have just borrowed $6372.90 to finance the purchase of a used car. The nominal annual interest rate is 12 percent. You have agreed to repay the loan over a two year period making monthly payments. What is the monthly payment on this loan?
The Ace Trucking Company wants to sponsor a new Profit Sharing Plan for the benefit of their U.S. based employees for this year 2015. The plan must be established and funded by:
You just purchased a corporate bond that matures in 5 years, has an 8% coupon, and has a current yield of 8.21%. What is the bond's yield to maturity? A corporate bond that matures in 7 years sells today for $1,020 and has a yield to maturity of 10.5..
Lycan, Inc., has 8.7 percent coupon bonds on the market that have 10 years left to maturity. The bonds make annual payments. Required: If the YTM on these bonds is 10.7 percent, what is the current bond price? (Do not round intermediate calculations...
An investor in the 20% Marginal tax bracket is looking at buying Harrisburg, PA notes. The Yield is 4.25% on the notes. What is the Taxable Equivalent Yield?
It is April and a trader buys 100 September put options with a strike price of $20. The stock price is $17.37 and the option price is $5.21. At the expiration, the stock price becomes $18.89. Calculate the option profit to the trader.
Find the future value of an ordinary annuity if payments are made in the amount R and interest is compounded as given. Then determine how much of this value is from contributions and how much is from interest. The future value of the ordinary annuity..
Estes Park Corp. pays a constant $8.30 dividend on its stock. The company will maintain this dividend for the next 14 years and will then cease paying dividends forever. If the required return on this stock is 12 percent, what is the current share pr..
Caan Corporation will pay a $2.94 per share dividend next year. The company pledges to increase its dividend by 4.5 percent per year indefinitely. If you require a return of 12 percent on your investment, how much will you pay for the company’s stock..
Why should a firm invest its idle cash? How to invest the idle cash and what's credit management? What's the optimal credit policy?
Suppose that the nominal rate of interest is 5% and the expected rate of inflation is 2%. What is the expected real rate of interest according to Fisher? Calculate the after-tax expected real rate assuming a 30% marginal tax rate. If inflation expect..
After graduating from IU, you are hired by a company that offers a 401(k) retirement plan. You would like to save enough in this plan so that when you retire in 35 years you have an account balance of $1 million. You plan to make monthly contribution..
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