What is the amount of each interest payment if face value

Assignment Help Financial Management

Reference no: EM131025473

The semiannual, 8-year bonds of Alto Music are selling at par and have an effective annual yield of 8.6285 percent. What is the amount of each interest payment if the face value of the bonds is $1,000? Format to 6 decimal places.

Reference no: EM131025473

Questions Cloud

Sales are on credit-what will be the firms cash cycle : Suppose that Freddie's Fries has annual sales of $570,000; cost of goods sold of $445,000; average inventories of $16,000; average accounts receivable of $32,000, and an average accounts payable balance of $27,000. Assuming that all of Freddie's sale..

Organizations design influences organizational behavior : Analyze how an organization’s design influences organizational behavior. Contrast the characteristics of "tall" vs. "flat" organizations, and how each type of organizational structure responds to change.

The amount of each interest payment if face value of bonds : The semiannual, 8-year bonds of Alto Music are selling at par and have an effective annual yield of 8.6285 percent. What is the amount of each interest payment if the face value of the bonds is $1,000? Format to 6 decimal places.

What is the change in the price of this bond : A 12-year, 5% coupon bond pays interest annually. The bond has a face value of $1,000. What is the change in the price of this bond (give me a percentage change) if the market yield rises to 6% from the current yield of 4.5%?

What is the amount of each interest payment if face value : The semiannual, 8-year bonds of Alto Music are selling at par and have an effective annual yield of 8.6285 percent. What is the amount of each interest payment if the face value of the bonds is $1,000? Format to 6 decimal places.

Zero coupon bond with a face value-implicit interest : A zero coupon bond with a face value of $1,000 is issued with an initial price of $565.01. The bond matures in 20 years. What is the implicit interest, in dollars, for the first year of the bond's life?

Such as life cycle-structure-competition-business cycle : Discuss the concepts of Industry Analysis (such as life cycle, structure, competition, business cycle) as they apply when you analyze and report on the prospects of a potential firm.

Millionaire by the end of her working career : The average age of engineering student at graduation is a little over 23 years. This means that the working career of most engineers is almost exactly 500 months. How much would an engineer need to save each month to become a millionaire by the end o..

Issued bonds-what is the price of the bonds : Renfro Rentals has issued bonds that have a 11% coupon rate, payable semiannually. The bonds mature in 15 years, have a face value of $1,000, and a yield to maturity of 10.5%. What is the price of the bonds? Round your answer to the nearest cent.

User Account

All Pages