What is the price of the bond today

Assignment Help Accounting Basics
Reference no: EM133130935

Question - The Union Local School District has bonds outstanding with a coupon rate of 3.2 percent paid semiannually and 16 years to maturity. The yield to maturity on these bonds is 3.7 percent and the bonds have a par value of $1,000. What is the price of the bond today?

Reference no: EM133130935

Questions Cloud

How much money would you need today : How much money would you need today to establish a perpetuity of $15,000 a year paid at the end of each year if money can be invested at 12% per annum
Corporate social responsibility and ethics : Consider the potential conflict between corporate social responsibility and ethics while maximizing share holder wealth.
Research the development of index : Research the development of this index, the concepts involved into this index, which ones are the components of the index, how it is estimated
Absolute advantage with food : 1. Draw a table to show the unit labor requirements for each country for each commodity. Which country has an absolute advantage in the production of food? In
What is the price of the bond today : The yield to maturity on these bonds is 3.7 percent and the bonds have a par value of $1,000. What is the price of the bond today
Unemployment compensation program : Since the United States has an unemployment compensation program that provides income for those out of work, why should we worry about unemployment? Discuss.
Calculate the probability of a player : If the two dice add up to 7 on the first roll, then the player usually wins a payoff. Please calculate the probability of a player rolling a 7
What is zoon capm-beta : The risk-free rate is 0% and you put together the following scenario analysis on the future development of the economy, What is Zoon CAPM-beta
International strategy for competing in global market : Describe one international strategy for competing in the global market. One corporate social responsibility challenge that this strategy can pose.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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