A company issued bonds with a 30-year maturity, a $1,000 par value, a 13.0% coupon rate, and semiannual interest payments. 10 years after the bonds were issued, the going rate of interest on bonds such as these changed to 6.0%. At what price would the bonds sell? $1,809.32 $1,086.19 $851.52 $1,138.33 $1,809.02

A company issued 9%, 15-year bonds with a face amount of $100 million. The market yield for bonds of similar risk and maturity is 8%. Interest is paid semiannually. At what price did the bonds sell?

Weismann Company issued 9-year bonds a year ago at a coupon rate of 7 percent. The bonds make semiannual payments and have a par value of $1,000. If the YTM on these bonds is 6 percent, what is the current bond price? Multiple Choice $1,062.81 $1,072.81 $1,380.83 $1,043.93 $773.97

A company issues bonds with a par value of $370,000. The bonds mature in 5 years and pay 8% annual interest in semiannual payments. The annual market rate for the bonds is 6%. Compute the price of the bonds on their issue date. The following information is taken from present value tables: Present value of an annuity (series of payments) for 10 periods at 3% Present value of an annuity (series of payments) for 10 periods at 4% Present value of 1 (single sum) due in 10 periods at 3% Present value of 1 (single sum) due in 10 periods at 4% Table Values are Based on: n = i = Cash Flow Par (maturity) value Interest (annuity) Price of bonds Table Value Amount Present Value 8.5302 8.1109 0.7441 0.6756