![MaxxL](/avatars/27929.jpg)
MaxxL
18.03.2020 •
Mathematics
Whatever, Inc., has a bond outstanding with a coupon rate of 5.74 percent and semiannual payments. The yield to maturity is 6.1 percent and the bond matures in 20 years. What is the market price if the bond has a par value of $1,000
Solved
Show answers
More tips
- H Health and Medicine Coughing: Causes, Types, and Treatment Methods...
- H Health and Medicine How to Treat the Flu: A Comprehensive Guide...
- O Other What is a Disk Emulsifier and How Does it Work?...
- H Health and Medicine How to Calm Your Nerves? Expert Tips That Actually Work...
- A Animals and plants 5 Tips for Taking Care of Yews to Keep Them Green and Beautiful...
- S Sport How to wrap boxing hand wraps? Everything you need to know!...
- F Food and Cooking 10 Reasons Why You Should Avoid Giving Re-Gifts: An Informative Guide...
- F Family and Home Tender Care for Your Parquet: Is it Possible to Clean Parquet?...
- S Style and Beauty How Are Eyelash Extensions Applied? All Your Questions Answered...
- F Food and Cooking 10 Tips for Proper Sushi Consumption...
Answers on questions: Mathematics
- M Mathematics Informants the average temperature dropped from 80f to 42f what is the mean temperature changes per month * average temperature change per month(rate)...
- H Health From the list in the previous table, write down six characteristics that you think best represent you. Then write six traits that do not represent you at all. Briefly...
- B Business China is gay.,.,.,.,....
- M Mathematics Solve and show the steps to the picture attached...
- E English How could using only simple words create a society that can t think for themselves?...
Ответ:
current market price of the bond is $958.73
Step-by-step explanation:
given data
coupon rate = 5.74 percent
yield to maturity = 6.1 percent
bond matures = 20 years
future value = $1,000
solution
we get here PMT that is
PMT = 1,000 × 5.74% ÷ 2 1
PMT = $28.70
and Number of Periods is
NPER = 20 years × 2 = 40 semi-annual periods
and here Rate of interest will be = 6.1% ÷ 2 = 3.05%
and we use here formula that is
= -PV(Rate;NPER;PMT;FV;type)
so we get
current market price of the bond is $958.73
Ответ:
I don't agree with Clare
if i measure the length of this classroom in yards, i will get more than 11 yards
Step-by-step explanation:
we know that
so
A meter is not longer than a yard
To convert meters to yards multiply by 1.09361
therefore
I don't agree with Clare
if i measure the length of this classroom in yards, i will get more than 11 yards