Ashburn Corporation issued 15-year bonds 2 years ago at a coupon rate of 8.8 percent. The bonds make semiannual payments. If these bonds currently sell for 96 percent of par value, what is the YTM?
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Ashburn Corporation issued 15-year bonds 2 years ago at a coupon rate of 8.8 percent. The bonds make semiannual payments. If these bonds currently sell for 96 percent of par value, what is the YTM? |
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- Waylan Sisters Inc. issued 3-year bonds with a par value of $100,000 and a 6% annual coupon when the market rate of interest was 5%. If the bonds sold at 102.438, how much cash did Williams Sisters Inc. receive from issuing the bonds?West Corp. issued 15-year bonds 2 years ago at a coupon rate of 9.8 percent. The bonds make semiannual payments. If these bonds currently sell for 104 percent of par value, what is the YTM?Parkway Void Co. issued 15-year bonds two years ago at a coupon rate of 9.9 percent. The bonds make semiannual payments. If these bonds currently sell for 99 percent of par value, what is the YTM?
- Watters Umbrella Corp. issued 20-year bonds 2 years ago at a coupon rate of 8.6 percent. The bonds make semiannual payments. If these bonds currently sell for 95 percent of par value, what is the YTM?Sarkozi Watches SpA issued 15-year bonds two years ago at a coupon rate of 7.8 percent. The bonds make semiannual payments. If these bonds currently sell for 104 percent of par value, what is the YTM?West Corp. issued 15-year bonds two years ago at a coupon rate of 8.5 percent. The bonds make semiannual payments. If these bonds currently sell for 106 percent of par value, what is the YTM?
- ) Watters Umbrella Corp. issued 12-year bonds 2 years ago at a coupon rate of 7.8percent. The bonds make semiannual payments. If these bonds currently sell for 105percent of par value, what is the YTM?Rove Enterprises has bonds on the market making annual payments, with 10 years to maturity, and selling for $935. At this price, the bonds yield 6%. a) What is the value of the yearly coupon payment on Rove Enterprises' bonds? b) What must the coupon rate be on the bonds? c) Are the bonds of Rover Enterprises considered discount bonds or premium bonds and why?Stone Sour Corp. issued 20-year bonds two years ago at a coupon rate of 7.1 percent. The bonds make semiannual payments. If these bonds currently sell for 105 percent of par value, what is the YTM?
- Skolits corp. issued 10 year bonds 2 years ago at a coupon rate of 7.8% The bonds make semiannual payments. If these bonds currently sell for 105 percent of par value, what is the YTM ?Parkway Vold Co. Issued 14-year bonds two years ago at a coupon rate of 9.2 percent. The bond makes semiannual payments. If these bonds currently sell for 107 percent of par value, what is the YTM?Draiman Corporation has bonds on the market with 14.5 years to maturity, a YTM of 10.2 percent, a par value of $1,000, and a current price of $953. The bonds make semiannual payments. What must the coupon rate be on the bonds? (Hint: The coupon rate is always quoted as an annual rate! The coupon rate is calculated by adding up the total amount of payments in a year made by a bond, then dividing it by the face value of the bond.) Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16. Coupon rate %