Union Local School District has bonds outstanding with a coupon rate of 3.2 percent paid semiannually and 21 years to maturity. The yield to maturity on these bonds is 3.5 percent and the bonds have a par value of $5,000. What is the price of the bonds? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Price
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- Union Local School District has bonds outstanding with a coupon rate of 2.8 percent paid semiannually and 25 years to maturity. The yield to maturity on these bonds is 3.3 percent and the bonds have a par value of $5,000. What is the dollar price of the bonds? Note: Do not round Intermediate calculations and round your answer to 2 decimal places, e.g., 32.16. PriceUnion Local School District has bonds outstanding with a coupon rate of 2.9 percent paid semiannually and 24 years to maturity. The yield to maturity on these bonds is 2.5 percent and the bonds have a par value of $10,000. What is the dollar price of the bonds? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.Union local school district has bonds outstanding with a coupon rate of 3.2 percent paid semiannually and 23 years to maturity. The yield to maturity on these bonds is 2.6 percent and the bonds have par value of 5000. What is the price of the bonds?
- Saved iz G Union Local School District has bonds outstanding with a coupon rate of 3.2 percent paid semiannually and 21 years to maturity. The yield to maturity on these bonds is 3.5 percent and the bonds have a par value of $5,000. What is the price of the bonds? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) HR 4.778.24Union Local School District has bonds outstanding with a coupon rate of 4.6 percent paid semiannually and 21 years to maturity. The yield to maturity on these bonds is 3.9 percent and the bonds have a par value of $5,000. What is the dollar price of the bond?Union Local School District has a bond outstanding with a coupon rate of 3.3 percent paid semiannually and 20 years to maturity. The yield to maturity on this bond is 3.7 percent, and the bond has a par value of $10,000. What is the dollar price of the bond? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Answer is complete but not entirely correct. Bond price 9,637.52 x $
- Union Local School District has a bond outstanding with a coupon rate of 3.4 percent paid semiannually and 19 years to maturity. The yield to maturity on this bond is 3.6 percent, and the bond has a par value of $5,000. What is the price of the bond?Union Local School District has a bond outstanding with a coupon rate of 2.9 percent paid semiannually and 24 years to maturity. The yield to maturity on this bond is 2.5 percent, and the bond has a par value of $10,000. What is the dollar price of the bond?Maryland Department of Transportation has issued 25-year bonds that make semiannual coupon payments at a rate of 10.81 percent. The current market rate for similar securities is 11.86 percent. a. What is the current market value of one of these bonds? (Round intermediate calculations to 2 decimal places, e.g. 1.25 and final answer to 2 decimal places, e.g. 15.25.) Current market value $ b. What will be the bond’s price if rates in the market (i) decrease to 9.86 percent or (ii) increase to 13.86 percent? (Round intermediate calculations to 2 decimal places, e.g. 1.25 and final answer to 2 decimal places, e.g. 15.25.) (i) Decrease to 9.86 percent $ (ii) Increase to 13.86 percent $ c. How do the interest rate changes affect premium bonds and discount bonds?Bonds, in general, (decrease or increase) in price when interest rates go up. When interest rates decrease, bond prices (Decrease or increase). d. Suppose the bond were to mature in 12 years. What…
- Maryland Department of Transportation has issued 25-year bonds that make semiannual coupon payments at a rate of 8.39 percent. The current market rate for similar securities is 11.54 percent. a. What is the current market value of one of these bonds? (Round intermediate calculations to 2 decimal places, e.g. 1.25 and final answer to 2 decimal places, e.g. 15.25.) Current market value b. What will be the bond's price if rates in the market (i) decrease to 9.54 percent or (ii) increase to 13.54 percent? (Round intermediate calculations to 2 decimal places, eg 1.25 and final answer to 2 decimal places, e.g. 15.25.) (i) Decrease to 9.54 percent (ii) Increase to 13.54 percent c. How do the interest rate changes affect premium bonds and discount bonds? Bonds, in general, Decrease or Increase in price when interest rates go up. When interest rates decrease, bond prices Increase or Decrease d. Suppose the bond were to mature in 12 years. What will be the bond's price if rates in the market (1)…The Wildhorse Department of Transportation has issued 25-year bonds that make semiannual coupon payments at a rate of 10.375 percent. The current market rate for similar securities is 10.50 percent. Assume that the face value of the bond is $1.000. Excel Template (Note: This template includes the problem statement as it appears in your textbook. The problem assigned to you here may have different values. When using this template, copy the problem statement from this screen for easy reference to the values you've been given here, and be sure to update any values that may have been pre-entered in the template based on the textbook version of the problem.) Problem 8.29 a-d (Excel Video)(a) What is the current market value of one of these bonds? (Round answer to 2 decimal places, eg. 15.25) Current market valuePlease include the excel formula Union Local School District has a bond outstanding with a coupon rate of 2.9 percent paid semiannually and 16 years to maturity. The yield to maturity on this bond is 2.7 percent, and the bond has a par value of $5,000. What is the dollar price of the bond? Input area: Settlement date 1/1/2020 Maturity date 1/1/2036 Coupon rate 2.90% Coupons per year 2 Redemption value (% of par) 100 Yield to maturity 2.70% Par value $5,000 (Use cells A6 to B12 from the given information to complete this question. You must use the built-in Excel function to answer this question. Leave the “Basis” input blank in the function. You may enter a constant as a hard coded value.) Output area: Price (%) Price