Barry's Steroids Company has $1,000 par value bonds outstanding at 16 percent interest. The bonds will mature in 40 years If the percent yield to maturity is 12 percent, what percent of the total bond value does the repayment of principal represent? Assume interest payments are annual Use Appendix B and Appendix D for an approximate answer but calculate your final answer using the formula and financial calculator methods Note: Do not round intermediate calculations. Input your answer as a percent rounded to 2 decimal places.

Barry's Steroids Company has $1,000 par value bonds outstanding at 16 percent interest. The bonds will mature in 40 years If the percent yield to maturity is 12 percent, what percent of the total bond value does the repayment of principal represent? Assume interest payments are annual Use Appendix B and Appendix D for an approximate answer but calculate your final answer using the formula and financial calculator methods Note: Do not round intermediate calculations. Input your answer as a percent rounded to 2 decimal places.

Excel Applications for Accounting Principles

4th Edition

ISBN:9781111581565

Author:Gaylord N. Smith

Publisher:Gaylord N. Smith

Chapter11: Bond Pricing And Amortization (bonds)

Section: Chapter Questions

Problem 7R

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