What is the price of the bond

Assignment Help Business Economics
Reference no: EM131827197

A coupon bond that matures in 3 years paying an annual coupon of 8% (in semi-annual installments) with a face value of $1000 has an annual yield-to-maturity of 6%. The bond made its most recent interest payment yesterday, and so has 6 interest payments remaining. What is the price of the bond?

Reference no: EM131827197

Questions Cloud

Describe the effects of watching violent television programs : Course Topic is "Describe the effects of watching violent television programs and movies on children."
Calculate the working capital : Their inventory balance is 2,500. Calculate the working capital. (Answer in whole $s with no comma or $ sign needed, e.g. xxxxx or 12500)
Calculate the cash dividends paid out to common stockholders : Calculate the cash dividends paid out to common stockholders based on the following information:
Categorize different scheduling procedures for operations : Categorize different scheduling procedures for various types of service operations, such as restaurants, hospitals, and airlines.
What is the price of the bond : The bond made its most recent interest payment yesterday, and so has 6 interest payments remaining. What is the price of the bond?
Calculate the value of the treasury note : Using this information and ignoring the other costs involved, calculate the value of the Treasury note. Please enter your answer to the nearest dollar.
Discuss problems with incarcerating people : Discuss 3 problems (individual and societal) with incarcerating people with psychiatric disabilities
Compare the value of strategic alliances and mergers : Compare the value of strategic alliances, mergers, and acquisitions as options for a company to expand their international operations in a successful way
Why human beings invented budgets : Question: Explain in a detailed explanation why human beings invented budgets?

Reviews

Write a Review

Business Economics Questions & Answers

  Communicate to the medical provider

??Identify how you would tactfully communicate to the medical provider that need to meet all third-party requirements when it comes to documentation.

  About the elements of the treaty of versailles

What were the basic elements of the Treaty of Versailles (1919)? why were some critics among the allies concerned about the elements of the Treaty of Versailles? what were some of the impacts of the treaty?

  What is the price elasticity of demand

At 10$ per pizza, 100 pizzas were demanded. At 9$ per pizza, 125 pizzas were demanded. When the price of pizza falls from $10 to $9 what is the price elasticity of demand?

  Uncovered interest arbitrage

Explain the difference between "covered interest arbitrage" and "uncovered interest arbitrage". How are these concepts related to efficiency in foreign exchange

  What would you advise the importer to do

A US importer who owes and Belgian company 500,000 Euros payable in 30 days from today expects that the US Dollar will weaken during this period. What would you advise the importer to do? What would happen if the imported took your advice yet instead..

  Extensive discussion of the wealth effect

There has been extensive discussion of the "wealth effect." The argument goes that inflated stock values were partially responsible for the strong U.S. economy of the 1990's. Explain this linkage in words and then illustrate with an Aggregate Demand/..

  Between unemployment rate and natural rate of unemployment

What is the difference(s), if any, between the unemployment rate and the natural rate of unemployment? Discuss.

  How does this effect mexico aggregated demand

When Mexico trades with the U.S., how does this effect Mexico's aggregated demand? Why does a tax cut increase disposable income

  Price elasticity of demand

If price elasticity of demand = -1.5 and price decreases by 10 percent, then

  How unemployment rates and levels of disposable income

How interest rates, inflation rates and gross domestic product in France influence blades & razors market for men in France ? How unemployment rates and levels of disposable income in France make an impact on blades & razors market for men in France ..

  Imprison political dissidents-censor information

Is it unethical for the American government to engage in global trade with countries that degrade women, imprison political dissidents, censor information, and the like?

  Explain your arguments using sound economics

You are the commissioner of the National Hockey League. You have been called to testify at an antitrust case against the NHL. Argue that (a) the NHL is not a monopoly and (b) even if it is a monopoly, it is a natural monopoly. Be sure to carefully ex..

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