2 345 Westco Co. issued 15-year bonds a year ago at a coupon rate of 5.4 percent. The bonds make semiannual payments and have a par value of $1,000. If the YTM on these bonds is 4.5 percent, what is the current price of the bond in dollars? Input area: 6 Settlement date 67 7 Maturity date 8 Coupon rate 9 Coupons per year 10 Redemption value (% of par) 11 Yield to maturity 12 Par value 13 1/1/2020 1/1/2034 5.40% 2 100 4.50% $1,000 14 (Use cells A6 to B12 from the given information to complete this question. You must use the built-in Excel function to 15 this question. Leave the "Basis" input blank in the function. You may enter a constant as a hard coded value.) 16 17 Output area: 18 19 Price (% of par) 20 Price 21

2 345 Westco Co. issued 15-year bonds a year ago at a coupon rate of 5.4 percent. The bonds make semiannual payments and have a par value of $1,000. If the YTM on these bonds is 4.5 percent, what is the current price of the bond in dollars? Input area: 6 Settlement date 67 7 Maturity date 8 Coupon rate 9 Coupons per year 10 Redemption value (% of par) 11 Yield to maturity 12 Par value 13 1/1/2020 1/1/2034 5.40% 2 100 4.50% $1,000 14 (Use cells A6 to B12 from the given information to complete this question. You must use the built-in Excel function to 15 this question. Leave the "Basis" input blank in the function. You may enter a constant as a hard coded value.) 16 17 Output area: 18 19 Price (% of par) 20 Price 21

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter13: Long-term Liabilities

Section: Chapter Questions

Problem 3EB: Smashing Cantaloupes Inc. issued 5-year bonds with a par value of $35,000 and an 8% semiannual...

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