What is the current price of bond

Assignment Help Financial Management

Reference no: EM131894291

Even though most corporate bonds in the United States make coupon payments semiannually, bonds issued elsewhere often have annual coupon payments. Suppose a German company issues a bond with a par value of €1,000, 15 years to maturity, and a coupon rate of 6.5 percent paid annually.

If the yield to maturity is 7.6 percent, what is the current price of the bond? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Bond price €

Reference no: EM131894291

Questions Cloud

How much should the store order at one time : Tom Thumb soils roughly 4000 boxes of chocolate chip cookies each year. Each box of chocolate chip cookies costs Tom Thumb $2. Ordering costs are $20.

Prepare the journal entry on the books of the partnership : Prepare the journal entry on the books of the partnership to record the admission of Liam as a new partner under the two independent circumstances

Fallacy free-argument : Be sure to introduce your fallacy free-argument and provide at least one supportive point, one legitimate objection

Which strategies are weakly or strictly dominated for voter : Consider this voting game. Each voter has three strategies: a, b, or c. For each voter, which strategies are weakly or strictly dominated?

What is the current price of bond : If the yield to maturity is 7.6 percent, what is the current price of the bond?

Prepare the appropriate entries for lessee and lessor : Required: Prepare the appropriate entries for both the lessee and the lessor from the beginning of the lease through the end of 2018

How to take claims and put them into standard form : What terminology is used for deductive and inductive arguments? How to take claims and put them into standard form?

Unsystematic risk-what is the benefit of diversification : Unsystematic risk. What is the benefit of diversification?

Moderate sartre and extreme sartre : What is the difference between moderate Sartre and extreme Sartre?

User Account

All Pages