Value bond outstanding with coupon rate

Assignment Help Financial Management
Reference no: EM13895628

Yan Yan Corp. has a $2,000 par value bond outstanding with a coupon rate of 5.1 percent paid semiannually and 29 years to maturity. The yield to maturity on this bond is 4.2 percent.

What is the price of the bond?

Reference no: EM13895628

Questions Cloud

Development of governmental responsibility for the poor : Discuss the development of governmental responsibility for the poor as it historically evolved in the United States. How did the changing definition of worthy and unworthy poor help to shape this development?
Development of new technologies for dod : Do you agree or disagree with the author? Justify you position using historical examples (development of nuclear power has been led by the government; development of new technologies for DOD is primarily driven by industry) to support your argumen..
Decision trees are a visual representation of sequential : Decision trees are a visual representation of the sequential choices that financial decision makers face when making capital budgeting and investment decisions. True or False: Typically the beginning of the project is riskier than later stages.
Is the melody easy to remember : Is the melody easy to remember? Can you hear more than one major themes in this work? If so, could you elaborate a bit and Is the harmony consonant or dissonant
Value bond outstanding with coupon rate : Yan Yan Corp. has a $2,000 par value bond outstanding with a coupon rate of 5.1 percent paid semiannually and 29 years to maturity. The yield to maturity on this bond is 4.2 percent. What is the price of the bond?
Development of governmental responsibility for the poor : Discuss the development of governmental responsibility for the poor as it historically evolved in the United States. How did the changing definition of worthy and unworthy poor help to shape this development?
What is the pretax cost of debt-aftertax cost of debt : Jiminy's Cricket Farm issued a 30-year, 6.5 percent semiannual bond 7 years ago. The bond currently sells for 107 percent of its face value. The company's tax rate is 35 percent. What is the pretax cost of debt? What is the aftertax cost of debt?
Is there value in a low-gi diet? discuss the pros or cons : Is there value in a low-GI diet? Discuss the pros or cons
Current earnings per share : Bill’s Bakery has current earnings per share of $2.98. Current book value is $4.9 per share. The appropriate discount rate for Bill’s Bakery is 11 percent. Calculate the share price for Bill’s Bakery if earnings grow at 3.8 percent forever.

Reviews

Write a Review

Financial Management Questions & Answers

  Dividend check you will get next time dividend is paid

Fuller Preferred has a nominal rate of 3% with a par value of $3.75. You just bought 3 round lots at a quote of 12.65. What is the dividend check you will get the next time a dividend is paid?

  Find a publicly traded stock that pays a dividend

Find a publicly traded stock that pays a dividend. Find an estimate of cash flow (you can use EBITDA or Levered Cash flow - but make sure it is adjusted to be a per share calculation), and estimate the intrinsic value of the stock using dividends ass..

  What is the current value of this stock to you

Knight Supply Corp. has not grown for the past several years, and management expects this lack of growth to continue. The firm last paid a dividend of $4.30. If you require a rate of return of 17.0 percent, what is the current value of this stock to ..

  Savings account-credits interest at nominal discount rate

Quang accumulates a fund by depositing $20,000 in a savings account that credits interest at a nominal discount rate of 4.8% per year compounded quarterly. How many years will his money last after he starts withdrawing it from the new account?

  What is the operating cash flow

Your firm has net income of $259 on total sales of $1,100. Costs are $620 and depreciation is $110. The tax rate is 30 percent. The firm does not have interest expenses. What is the operating cash flow?

  About to retire and he wants to buy an annuity

Your uncles is about to retire and he wants to buy an annuity that will provide him with $62000 of income a year for 20 Years, with the first payment coming immediately. The going rate on such annuites is 5.25%. How much would it cost him to buy the ..

  Determine the appropriate after-tax cost of new debt

QRM, Inc.'s marginal tax rate is 35%. It can issue 10-year bonds with an annual coupon rate of 7% and a par value of $1,000. After $12 per bond flotation costs, new bonds will net the company $966 in proceeds. Determine the appropriate after-tax cost..

  Bond valuation and what is their nominal yield to maturity

Nungesser Corporation's outstanding bonds have a $1,000 par value, a 11% semi-annual coupon, 7 years to maturity, and an 10.5% YTM. What is the bond's price? Round your answer to the nearest cent

  Important determinant of meeting retirement goals

The text presents a mathematical relationship between present value and future value. What does this relationship suggest to potential investors as far as setting important priorities? What is the most important determinant of meeting retirement goal..

  Planning to buy house appraised

You are planning to buy a house appraised for $350,000 and finance it through a mortgage of $250,000. You would then have a loan-to-value ratio of 0.714, safely below the cutoff by your lender of 0.80. Being securely employed, your take-home pay is $..

  Deciding whether to add bard publishing to your portfolio

You are deciding whether to add Bard Publishing to your portfolio, but you are concerned about your projection for their growth rate. Bard's cost of equity capital (the discount rate for equity) is known to be 8% and they just paid a dividend of $4.7..

  Find the cash break-even quantity

Consider the following project which costs $1,000,000 with a salvage value of $50,000 in 5 years. The project will produce a new type of running shoes which will be sold for $235 and have variable costs of $95 per pair. The company has fixed costs of..

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