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- Lourdes Corporation's 12% coupon rate, semiannual payment, $1,000 par value bonds, which mature in 30 years, are callable 3 years from today at $1,050. They sell at a price of $1,187.45, and the yield curve is flat. Assume that interest rates are expected to remain at their current level. What is the best estimate of these bonds' remaining life? Round your answer to the nearest whole number. years If Lourdes plans to raise additional capital and wants to use debt financing, what coupon rate would it have to set in order to issue new bonds at par? Since interest rates have risen since the bond was first issued, the coupon rate should be set at a rate above the current coupon rate. Since the bonds are selling at a premium, the coupon rate should be set at the going rate, which is the YTC. Since the bonds are selling at a premium, the coupon rate should be set at the going rate, which is the YTM. Since Lourdes wishes to issue new bonds at par value, the coupon rate set should be the…True or False 1. The future worth of a perpetuity from one (1) to n years is undefined because as n approaches infinity, the valuebecomes 0. 2. Perpetuity is derived from the fact that the number of compounding periods approaches to infinity while the nominal interest rate approaches to 0. This then lumps the expression into e.3) Find the value of D that results in a negative Equivalent Uniform Annual Worth (EUAW) of $0.00. Assume an interest rate of 10% 1.5D 1 2 3. 4 5 6. $500 A. $57.00 B. $68.00 C. $79.00 D. $86.00
- Suppose you purchased a corporate bond with a 10-year maturity. a $1,000par value, a 10% coupon rate, and semiannual interest payments. What all this means that you receive $50 interest payment at the end of each six-month period for 10 years (20 times). Then, when the bond matures, you will receive the principal amount (the face value) in a lump sum. Three years after the bonds were purchased, the going rate of interest (coupon rate) on new bonds fell to 6% (or 6% compounded semiannually). What is the current market value (P) of the bond (3 years after the purchase)?8. For a given procedure, F = 0.7, and the discount rate of 4%, for all 4 years solve for the QALY given: year 1 q 0.2 year 2 q = 0.3 year 3 q 0.5 year 4 q 0.7 discount of 4% (used as (1/(1.04)year ) will equal: year 1 = 0.96 year 2 = 0.92 year 3 = 0.89 year 4 = 0.86 Solve for the QALY number of years. Round-off to the nearest integer. O 2 0 1 0 4 0 3A businessman expects to receive P20, 000.00 in 10 years. How much is that money worth now considering interest at 6% at compounded quarterly a.P11, 085.25 b.P11, 725.25 c.P13, 025.25 d.P11, 025.25
- Lorenz curves also can be used to provide a relative measure of the distribution of the total assets of a country. Using data in a report by the economic committee of a certain country, an economist produced the following Lorenz curves for the distribution of total assets in the country in 1963 and 1983, shown below. f(x) = x10 Lorenz curve for 1963 g(x) = x13 Lorenz curve for 1983 Find the Gini index of income concentration for each Lorenz curve and interpret the results. .... What is the Gini index for 1963? (Round to three decimal places as needed.) What is the Gini index for 1983? (Round to three decimal places as needed.) Interpret your results. O A. Total assets were more equally distributed in 1963 O B. Total assets were more equally distributed in 1983 O c. Total assets were distributed the same in 1963 as in 1983.1. Consider a wine dealer who has k bottles of wine. The dealer can sell them now (t = 0) or can store it for some time and then sell them later. The value of k bottles at t-th month is given by: Vt = ket The dealer can use the sales revenue as principal in a risk-free investment at rate r. (b) Write out the present value PV, of k bottles at t-th month.Consider a 529 (college savings) plan that will pay $20,000 once a year for a 4-year period (4annual payments). The first payment will come in exactly 5 years (at the end of year 5) and thelast payment in 8 years (at the end of year 8). What is the duration of the pension obligation? The current interest rate is 8% per yearfor all maturities.
- A trust fund is to be formed by depositing $4,000 every six months for 25 years in a bank that promises to pay a fixed rate over the entire term. If the amount of the fund at the end of the term is $300,000, then the rate compounded semi-annually is A B 20.40%. 1.57%. C) 10.20%. D 33.33%. E 3.14%.Will must make quarterly estimated income tax payments to the Internal Revenue Service. The amounts and timing of these payments are shown below. Also shown are the monthly interest rates that apply to each interval of time. What is the P-equivalent of Will's payments on January 15? Q Jan. 15 April 15 $10,000 $12,000 June 15 i=1/4% i= 1/2 % i 3/4% mo. mo. mo. The P-equivalent of Will's payments on January 15 is $ Sept. 15 $13,000 $10,000 (Round to the nearest dollar.)A small business with an initial outlay of $ 12,000 yields$ 10,000 during the first year of its operation and the yield increases by$. 1,000 from its second year of operation up to its 10th year of operation. Atthe end of the life of the business, the salvage value is zero. Find the presentworth of the business by assuming an interest rate of 18%, compoundedannually.