Current yield with semi annual payments

Assignment Help Financial Management
Reference no: EM13880238

Current Yield with Semi annual Payments

A bond that matures in 9 years sells for $950. The bond has a face value of $1,000 and a yield to maturity of 9.8764%. The bond pays coupons semi annually. What is the bond's current yield? Round your answer to two decimal places.


Reference no: EM13880238

Previous Q& A

  About the retirement plan

Assume you are currently earning $80,000 per year and will retire in 20 years. If you feel you can live on 80% of your salary during retirement and you further assume you will live for 25 years after you retire, how much of a lump sum must you have i..

  Explain the importance of situating a society''s cultural

Explain the importance of situating a society's cultural and artistic expressions within a historical context

  Privilege for student athletes

Essay with this theme: Privilege for student athletes, for me, with MLA format, with 6,5 pages, three sources or five you choose, a work cited page and focused on structure and blend the argument appeals of ethos, pathos, and logos.

  Deferred tax asset and deferred tax liability amounts

orning Howell reported taxable income in 2013 of $120 million.

  Identify and distinguish between the three types of it

Identify and distinguish between the three types of IT systems used in the sales process.

  Growth rate in dividends forever

Far Side Corporation is expected to pay the following dividends over the next four years: $12, $10, $6, and $3. Afterward, the company pledges to maintain a constant 6 percent growth rate in dividends forever. Required: If the required return on the ..

  A logical fallacy but reflects a solid claim

Rewrite each statement so that it no longer contains a logical fallacy but reflects a solid claim.1.Abortion should be illegal because it is immoral.2.A candidate wearing a t-shirt and jeans must be laid back.3.I don't think we should respect this te..

  Effective annual return friendlys earns on lending business

Friendly’s Quick Loans, Inc., offers you $6.00 today but you must repay $7.85 when you get your paycheck in one week (or else). What is the effective annual return Friendly’s earns on this lending business? If you were brave enough to ask, what APR w..

  How can an effective system of internal controls

How can an effective system of internal controls lead to increased sales revenue?

  What are the shares of sum

A sum of 64 is divided between Sita and Geeta such that 3times Sita’s share is greater than 4 times Gita’s share by Rs10.What are the shares of Sita and Gita.


Write a Review


Similar Q& A

  Calculate the companys peso transaction exposure

Suppose an agribusiness in Texas exports its crops. It expects an 18 million peso invoice for an export to Mexico to be paid in 90 days. The current spot and 90-day forward rates are $0.7502/Peso and $0.7422/Peso respectively.

  Find an average price earnings ratio for the food industry

Find an average price/earnings (P/E) ratio for the specialty retail food industry. (Note: you cannot do this for Kudler as you do not have the firm's current market stock price.) Find an average price/earnings (P/E) ratio for the food retail indust..

  Different compounding frequencies

Marissa has decided to make a $300 monthly investment in a retirement fund. The three funds in which she is interested all pay 3.00% NAR but with different compounding frequencies.. How much will she accumulate in 20 years for each of the three inves..

  The internet has affected the financial markets by

The Internet has affected the financial markets by

  It is important for society as whole to solve agency problem

It is important for society as a whole to solve the agency problem,

  What is the portfolios beta

A 2-stock portfolio with a total value of $530,000. $195,000 is invested in Stock A with a beta of 1.25 and the remainder is invested in Stock B with a beta of 1.05. What is the portfolio's beta?

  What are the expected dividend growth rates for each firm

Below are the data for two stocks, both of which have a discount rate of 10 percent: Stock A Stock B Return on equity 11% 12% Earnings per share $2.20 $.90 Dividends per share $ .95 $.50 a. What are the dividend payout ratios for each firm? b. What a..

  Most recent dividend per share paid on the stock

Teder Corporation stock currently sells for $30 per share. The market requires a 13.5 percent return on the firm's stock. If the company maintains a constant 8 percent growth rate in dividends, the most recent dividend per share paid on the stock was..

  Risk bonds being issued

Beck Industries bond has a current market price of $1060, 7% coupon, $1000 par, 10 years maturity. What is the yield to maturity? So, do similar risk bonds being issued today (at par) have a coupon rate higher or lower than Beck’s?

  The fraction of your wealth put into stocks

Suppose “s” (the fraction of your wealth put into stocks) is 0.8 and that stocks have a return of 25 percent. If the return on bonds is 3 percent, what is the return on your wealth?

  Accounting statement of cash flows

You are researching time manufacturing and have found the following accounting statement of cash flows for the most recent year. You also know that the company paid $98.3 million in current taxes and had an interest expense of $48.3 million.

  Calculate cost of debt-cost of new common stock

Vosberg, Inc wants to calculate the component costs in its capital structure. Common stock currently sells for $33, and is expected to pay a dividend of $.40. Vosberg's dividend growth rate is 8%, and flotation cost is $1.25. Calculate cost of debt, ..

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