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1- Kessel Inc. offers a zero-coupon bond that has 15 years to maturity and the yield-to-maturity of similar bonds is 4%. What is the market price of Kessel Inc.'s bond?
2- A Chicago, Illinois municipal bond has a maturity date in 20 years, offers a 6.5% coupon rate, and is currently priced at $1,039. If bond investors face a average tax rate of 28%, what would the yield be on a corporate bond with similar characteristics?
3- Jakku Corp. bonds bearing a coupon rate of 2%, pay coupons seminannually, have four years remaining to maturity, and are currently priced at $970 per bond. What is the yield to maturity?
Consider a $1,000 par value investment grade corporate bond which currently has a Yield to Maturity, YTM, of 5.475%. The bond has an annual coupon rate of 7.625% and is currently selling for 115.247% First, calculate the bond’s annual interest paymen..
Bond P is a premium bond with a 12 percent coupon. Bond D is a 6 percent coupon bond currently selling at a discount. Both bonds make annual payments, have a YTM of 9 percent, and have five years to maturity. Assume these bonds have a face value of $..
The CFO of Jupiter Jibs (JJ) expects this year's sales to be $2.5 million. EBIT is expected to be $1 million. The CFO knows that if sales actually turn out to be $2.3 million, JJ's EBT will be $888,000. What is JJ's degree of operating leverage (DOL)..
Puckett Products is planning for $4.5 million in capital expenditures next year. Puckett's target capital structure consists of 45% debt and 55% equity. If net income next year is $2.7 million and Puckett follows a residual distribution policy with a..
Eggspressions is experiencing rapid growth. The company just paid a dividend of $1.94 and expects dividends to grow at 16% per year for the next 11 years before leveling off at a 4% growth rate into perpetuity. If your minimum required return on the ..
What are its intrinsic values at stock prices of $45 and $38, respectively, and what should be the hedge ratio and what should be the value of the hedged portfolio at expiration
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.
Globalisation and The deregulation of financial markets the showcase - Globalisation has taken an important place in our lives especially the deregulation of financial markets.
Exactly three years ago, you purchased a $1,000 face value bond for $1,211.16. The coupon rate was 6.5 percent with interest paid semiannually. Today, you sold that bond for $1,089.54. What was your rate of return for the 3-year period, or holding pe..
Harrison Corporation is interested in acquiring Van Buren Corporation. Assume that the risk-free rate of interest is 6% and the market risk premium is 4%. Van Buren's dividend is expected to grow at a constant rate of 6% a year, and its beta is 0.8. ..
Suppose a man can invest his money of $90000 in three funds. Fund A has a rate of return of 3%, fund B has a rate of return of 4.5%, and fund C has a rate of return of 5%.
Scanlin, Inc., is considering a project that will result in initial aftertax cash savings of $1.71 million at the end of the first year, and these savings will grow at a rate of 1 percent per year indefinitely. What is the maximum initial cost the co..
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