Current price of the bond-mini max inc

Assignment Help Finance Basics
Reference no: EM132548126

6 years ago, Mini Max Inc. issued 30 year to maturity zero-coupon bonds with a par value of $1,000. Now the bond has a yield to maturity of 12.96 percent, compounded semi-annually. What is the current price of the bond? Round the answer to two decimal places.

Reference no: EM132548126

Questions Cloud

Identify those who are developing and using GIS software : Analyze how state and local governments have employed GIS to tackle the issues of displaying and analyzing information in a geographical manner.
What are the factors that make these spaces possible : What are the spaces in your own life in which you find meaning and strength? what are the factors that make these spaces possible? Min 250 words.
Discuss about stocking the item at distribution centers : Discuss about Stocking the item at distribution centers and having a truck make deliveries from the center to the retail stores and to individual customers
Business managers use accounting and financial information : How can business managers use accounting and financial information to help a company make good business decisions?
Current price of the bond-mini max inc : 6 years ago, Mini Max Inc. issued 30 year to maturity zero-coupon bonds with a par value of $1,000. Now the bond has a yield to maturity
How each model would work in your grant-funded project : In a 2- to 3-slide PowerPoint presentation with recorded voiceover, compare and contrast the four models of proposal development (individual, consultative).
Describe the topic have selected for capstone project : Describe the topic you have selected for your Capstone Project. Be sure your topic is narrow enough to be able to identify a specific problem.
Community relations-business and society : Discuss ways that your local community is pulling together and supporting one another during the current pandemic/COVID.
Cash budgeting analysis : Companies often have to take risks that could potentially jeopardize their cash flow

Reviews

Write a Review

Finance Basics Questions & Answers

  Financial reporting and analysis

Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..

  A report on financial accounting

This report is specific for a core understanding for Financial Accounting and its relevant factors.

  Describe the types of financial ratios

Describe the types of financial ratios and other financial performance measures that are used during venture's successful life cycle.

  Differences between sole proprietorship and corporation

Briefly describe the major differences between a sole proprietorship and a corporation

  Prepare a cash budget statement

Calculate the expected value of the apartment in 20 years' time. What is the mortgage loan repayment at the beginning of each month

  What are the implied interest rates

What are the implied interest rates in Europe and the U.S.?

  State pricing theory and no-arbitrage pricing theory

State pricing theory and no-arbitrage pricing theory

  Small business administration

Identify the likely stage for each venture and describe the type of financing each venture is likely to be seeking and identify potential sources for that financing.

  Effect of financial leverage

The Effect of Financial Leverage and working capital management

  Evaluate the basis for the payment to the lender

Evaluate the basis for the payment to the lender and basis for the payment to the company-counterparty.

  Importance of opps, ipps, mpfs and dmepos

Research and discuss the differences and importance of : OPPS, IPPS, MPFS and DMEPOS.

  Time value of money

Time Value of Money project

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