User Account

All Pages

What is the current price of the bond

Assignment Help Finance Basics
Reference no: EM131402217

3 years ago, Maxi Min Inc. issued 30 year to maturity zero-coupon bonds with a par value of $1,000. Now the bond has a yield to maturity of 9.21 percent, compounded semi-annually. What is the current price of the bond?

Round the answer to two decimal places. (Show work)

Reference no: EM131402217

Questions Cloud

Silver company stock worth to you : The next year the common stock of Silver Corp. will pay a dividend of $9.64 per share. If the company is growing at a rate of 4.69 percent per year, and your required rate of return is 10.39 percent, what is Silver's company stock worth to you?
Use the traditional square of opposition : Use the traditional square of opposition to find the answers to these problems. When a statement is given as false, simply enter an "F" into the square of opposition and compute (if possible) the other truth values.
Expected return and standard deviation of a portfolio : Stock A has an expected return of 10% and a standard deviation of 40%. Stock B has an expected return of 20% and standard deviation of 50%. The correlation coefficient between Stocks A and B is 0.5. What are expected return and standard deviation o..
What is consumer surplus when the market is in equilibrium : What is consumer surplus when the market is in equilibrium?
What is the current price of the bond : 3 years ago, Maxi Min Inc. issued 30 year to maturity zero-coupon bonds with a par value of $1,000. Now the bond has a yield to maturity of 9.21 percent, compounded semi-annually. What is the current price of the bond?
What is the truth value of the given statements : If "Some obsessive-compulsive behaviors are not curable diseases" is true, what is the truth value of the following statements?
What are monthly payments : 1. Three years ago you took out a 30-year amortizing loan. The loan has a 6% APR with monthly payments (and monthly compounding). a) What are your monthly payments if your current loan balance is $368; 600?
What do your teachers consider to be a successful education : What do your teachers consider to be a successful education? What type of relation do you typically have with your teacher in the classroom? What type of relation do you typically have with your teacher outside of the classroom?
Who gets the revenue in the case of a price floor : In which case would the shortage resulting from a price ceiling be greater: when supply is inelastic or elastic? Explain your answer.

Reviews

Write a Review

Finance Basics Questions & Answers

  The starr co just paid a dividend of 215 per share on its

the starr co. just paid a dividend of 2.15 per share on its stock.nbsp the dividends are expected to grow at a constant

  What is the depreciation expense in year 3

A project requires $336,000 of equipment that is classified as 7 year property. What is the depreciation expense in year 3 given the following MACRS depreciation allowance, starting with year one: 14.29, 24.49, 17.49, 12.49, 8.93, 8.92, 8.93 and 4..

  Determine the profits and graph the results

Determine the profits and graph the results. Identify the breakeven stock prices at expiration and the minimum profit.

  What is the approximate and the exact real rate of interest

Enter rounded answers as directed, but do not use the rounded numbers in intermediate calculations. Round your answers to 2 decimal places (e.g., 32.16).)

  What is the sensitivity of the npv to changes in the price

What is the sensitivity of the NPV to changes in the price of the new club? Use a price $750 of on the new clubs to estimate this sensitivity. Sensitivity is an elasticity (percentage change in NPV to percentage change in price)

  What is premium loading for a full coverage insurance policy

In dollar and percentage terms, what is the premium loading for a full coverage insurance policy which costs $40?

  Success of healthcare organization

I am hired by a healthcare organization that owns and operates nursing homes and assisted living facilities in several states. I need assistance with writing a paper about "how to improve the overall success of the firm".

  Compute the market value of the bounds

How many bounds will the firm have to issue to receive the needed funds?

  Advantages and disadvantages of investing in stock market

Suppose that Sam invested his $1million in the commercial bond of the IntTrade Corp., they promised to pay him USD 230000 annually for 5 years, calculate the present value (PV) for this investment? What are the advantages and disadvantages of inve..

  What interest rate is understood in this offer

somebody guarantees to give you Rs.5000,000 following 6 years in return for Rs.2,000,000 today. What interest rate is understood in this offer?

  What would make for a larger increase in the stock variance

what would make for a larger increase in the stock variance an increase of 1.5 in its beta or an increase of 3% in its residual standard deviation?

  Newco inc a company formed recently trades on the stock

fact situationnewco inc. a company formed recently trades on the stock exchange and its stock currently trades at 8 per

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd