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1. Fresh Water Inc sold an issue of 17-years $1,000 par value bonds to the public. The bonds have a 8.47 percent coupon rate and pay interest annually. The current market rate of interest on the Fresh Water, Inc bonds is 12.81 percent. What is the current market price of the bonds? Round the answer to two decimal places.
2. General Mills has a $1,000 par value, 11-years to maturity bonds outstanding with an annual coupon rate of 9.67 percent per year paid semiannually. Market interest rates o similar bonds are 10.86 percent. Calculate the bondAc€?cs price today. Round the answer to two decimal places.
3. Dan is considering the purchase of Supper Technology inc bonds that were issued 3 years ago. When the bonds were originally sold they had a 24-year maturity and a 6.19 percent coupon interest rate, paid annually. The bonds is currently selling for $882. Par value of the bonds is $1,000. What is the yield to maturity on the bonds if you purchase the bonds today? Round the answer to two decimal places.
4. A few years ago Spider web inc issued with a 11.79 percent annual coupon rate paid semiannually. The bonds have a par value of $1,000 a current price of $702 and will mature in 23 years. What would the annual yield to maturity be on the bonds if you purchase the bonds today?
Which one of the following statements is TRUE about the effective annual rate (EAR)?
A clinic has obtained the following estimates for its costs of debt and equity at various capital structures: What is the firm’s optimal capital structure? Calculate its corporate cost of capital at each structure.
On July 1, 2010, Bill invested P into a fund which accumulates at an interest rate of 7% compounded monthly. On July 1, 2012, Judy invested 100 in a fund with a discount rate of 9% compounded quarterly. On July 1, 2010, the sum of the present value o..
After tax salvage value Kennedy Air Services is now in the final year of a project. The equipment originally cost $33 million, of which 75% has been depreciated. Kennedy can sell the used equipment today for $8.25 million, and its tax rate is 35%. Wh..
Squire Inc.'s 5-year bonds yield 6.75%, and 5-year T-bonds yield 4.80%. The real risk-free rate is r* = 2.75%, the inflation premium for 5-year bonds is IP = 1.65%, the default risk premium for Squire's bonds is DRP = 1.20% versus zero for T-bonds, a..
A mutual fund investment is expected to earn 8% per year for the next 25 years. If inflation will average 4% per year during this 25-year period of time, what is the compounded value (in today's dollars) of this savings vehicle when $9,000 is investe..
Complete the balance sheet and sales information using the following financial data: totals assets turnover: 1.5x days sales outstanding: 41 days inventory turnover ratio: 7x fixed asset turnover:3.5x current ratio:1.7x gross profit margin on sales=2..
Northern Pacific Heating and Cooling Inc. has a 6-month backlog of orders for its patented solar heating system. To meet this demand, management plans to expand production capacity by 50% with a $20 million investment in plant and machinery.
You purchased six put option contracts on Mitsubishi Industries. The strike price was $43.50 and the option premium was $1.50. On the expiration date, the stock was valued at $40.40 a share. What is the payoff on the option contracts?
provide a description of the three forms of the efficient market hypothesis using the picture below.nbsp do you think
Which account below would be credited to record this transaction: purchase merchandise for resale on credit?
Using the P/E ratio approach to valuation, calculate the value of a share of stock under the following conditions: the investors required rate of return 14%. the expected level of earning at the end of the year (E1) is $5. the firm follows a policy o..
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