Calgary Corp. issued 20-year bonds 3 years ago. The bonds have a face value of $1,000 and their coupon rate is 7.1% with semi- annual payments. The bonds currently sell for 115% of par value. What is the YTM? Provide a percentage. (Round your final answer to two decimals)..
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- Maxcorp’s bonds sell for $1,065.15. The bond life is 9 years, and the yield to maturity is 7%. What is the coupon rate on the bonds? (Assume a face value of $1,000 and annual coupon payments.) (Do not round intermediate calculations. Enter your answer as a percent rounded to 1 decimal place.)Maxcorp’s bonds sell for $1,116.28. The bond life is 9 years, and the yield to maturity is 7.2%. What is the coupon rate on the bonds? (Assume a face value of $1,000 and annual coupon payments.) Note: Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.Pharoah Corp. has 18-year bonds outstanding. These bonds, which pay interest semiannually, have a coupon rate of 9.635 percent and a yield to maturity of 9.0 percent. Assume face value is $1,000. Problem 8.30(a) Your answer is correct. Compute the current price of these bonds. (Round answer to 2 decimal places, e.g. 15.25.) Current price $ eTextbook and Media Problem 8.30(b) Your answer is correct. 1,056.09 Realized yield If the bonds can be called in five years at a premium of 11.0 percent over par value, what is the investor's realized yield? (Round answer to 3 decimal places, e.g. 15.255%.) 9.936 Attempts: unlimited %
- Nikita Enterprises has bonds on the market making annual payments, with 17 years to maturity, a par value of $1,000, and selling for $969. At this price, the bonds yield 8.1 percent. What must the coupon rate be on the bonds? Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.Sheridan Corp. has 18-year bonds outstanding. These bonds, which pay interest semiannually, have a coupon rate of 10.065 percent and a yield to maturity of 9.3 percent. Assume face value is $1,000. Problem 8.30(a) Your answer is correct. Compute the current price of these bonds. (Round answer to 2 decimal places, e.g. 15.25.) Current eTextbook and Medial Problem 8.30(b) $ Your answer is incorrect. Realized yield 1,066.24 If the bonds can be called in five years at a premium of 10.0 percent over par value, what is the investor's realized yield? (Round answer to 3 decimal places, e.g. 15.255%) Attempts: unlimited %Maxcorp's bonds sell for $1,055.99. The bond life is 9 years, and the yield to maturity is 8.1%. What is the coupon rate on the bonds? (Assume a face value of $1,000 and annual coupon payments.) (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.)
- Nikita Enterprises has bonds on the market making annual payments, with eight years to maturity, a par value of $1,000, and selling for $962. At this price, the bonds yield 5.1 percent. What must the coupon rate be on the bonds? Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16. Coupon rate %Gabriele Enterprises has bonds on the market making annual payments, with seven years to maturity, a par value of $1,000, and selling for $986. At this price, the bonds yield 7.8 percent. What must the coupon rate be on the bonds? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Coupon rate %Nikita Enterprises has bonds on the market making annual payments, with eleven years to maturity, a par value of $ 1,000, and selling for $982. At this price, the bonds yield 7.6 percent. What must the coupon rate be on the bonds? ( Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g 32.16.)
- Nikita Enterprises has bonds on the market making annual payments, with eleven years to maturity, a par value of $1,000, and selling for $970. At this price, the bonds yield 7 percent. What must the coupon rate be on the bonds? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Coupon rate I%Nikita Enterprises has bonds on the market making annual payments, with ten years to maturity, a par value of $1,000, and selling for $956. At this price, the bonds yield 6.3 percent. What must the coupon rate be on the bonds? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)You issued debt in the form of bonds, with a face value of $1,000, and have 9 years until maturity. The bonds have an annual coupon rate of 7.8%, which are paid semiannually. a. The current price is $1,100. What is the pretax cost of debt? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e. g 12.34.) b. The tax rate is 22%. What is the aftertax cost of debt? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 12.34.)