Dufner Co. issued 13-year bonds one year ago at a coupon rate of 6.5 percent. The bonds make semiannual payments. If the YTM on these bonds is 5.4 percent, what is the current dollar price assuming a par value of $1,000? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Q: Wildhorse, Inc., has four-year bonds outstanding that pay a coupon rate of 6.4 percent and make…

A: Compound = n = Semiannually = 2Time = nper = 4 * 2 = 8Coupon Rate = 6.4 / 2 = 3.2%Current Price of…

Q: ABC Inc. recently issued $1,000 par bonds at a 15.51% coupon rate. If the bonds have 12 years to…

A: In the given case, we have provided the face value of the bond. Since, maturity value is not given.…

Q: Lei Corporation has bonds on the market with 19.5 years to maturity, a YTM of 8 percent, a par value…

A: Coupon bonds are investments that, up to the bond's maturity date, provide the bondholder with…

Q: A company issued bonds with 7.7% coupons paid annually (once per year), $1,000 face value, and 10…

A: Coupon Rate = 7.7%Face Value = fv = $1000Time = t = 10 YearsYield to Maturity = r = 9.7%

Q: Applied Software has a $1,000 par value bond outstanding that pays 13 percent interest with annual…

A: Price of bond is the present value of coupon payments plus present value of par value of bond. This…

Q: Popie Drink Corp issued 12 year bonds 2 years ago at a coupon rate of 8.4 percent. The bonds make…

A: Compound = semiannually = 2 Time = nper = (12 - 2) * 2 = 20 semiannually Coupon rate = 8.4/ 2 = 4.2%…

Q: a. Calculate modified duration using the information provided. Do not round intermediate…

A: Macaulay duration = 7.30 yearsYield to maturity (YTM) = 12%/100 = 0.12 in decimalsCompounding =…

Q: what is the current bond price?

A: Bond valuation is the method of finding the fair value of the bond. Fair value means the present…

Q: Maxcorp’s bonds sell for $1,116.28. The bond life is 9 years, and the yield to maturity is 7.2%.…

A: Given,Par value of bond = $1,000Current price of bond = $1116.28Yield to Maturity= 7.2%Tenure of…

Q: Parkway Void Co. issued 17-year bonds two years ago at a coupon rate of 8.6 percent. The bonds make…

A: Yield to maturity can be calculated by following function in excel=RATE (nper, pmt, pv, [fv],…

Q: Draiman Corporation has bonds on the market with 13 years to maturity, a YTM of 9.9 percent, a par…

A: Here,Price of Bond is $950Par Value of Bond is $1,000YTM is 9.90%Time to Maturity is 13 years

Q: Soprano's Spaghetti Factory issued 26-year bonds two years ago at a coupon rate of 7.50 percent. If…

A: Bonds: Bonds are the liabilities of the company which is issued to raise the funds required to…

Q: Nikita Enterprises has bonds on the market making annual payments, with ten years to maturity, a par…

A: Calculate the annual interest payment:We know the bond is selling for a discount (price < par…

Q: DeChambeau Inc. has a $10,000 par value bond outstanding with a coupon rate of 4.7 percent paid…

A: Given:Face value = $10,000Coupon rate = 4.7%YTM = 4.4%Years to maturity = 9 yearsThe price of a bond…

Q: The Wall Street Journal reports that the current rate on 10-year Treasury bonds is 2.80 percent and…

A: The forward interest rate is an interest rate which is relevant to a period that starts at a certain…

Q: Bart Software has 8.4 percent coupon bonds on the market with 23 years to maturity. The bonds make…

A: Bonds are debt instruments that are issued by companies to raise capital from investors. Bonds are…

Q: The Pioneer Petroleum Corporation has a bond outstanding with an $80 annual interest payment, a…

A: A bond is a kind of debt security issued by the government and private companies to the public for…

Q: Wildhorse Corp. has 18-year bonds outstanding. These bonds, which pay interest semiannually, have a…

A: Here, Face Value of Bond $              1,000.00Yield to Maturity6.00%Coupon Rate9.875%Time to…

Q: The Wall Street Journal reports that the current rate on 10-year Treasury bonds is 3.05 percent and…

A: A risk-free bond that is issued by the government, and also has a more than 20 years maturity period…

Q: Jackson Corporation's bonds have 8 years remaining to maturity. Interest is paid annually, the bonds…

A: A bond refers to an instrument that the companies use to raise debt capital from investors. Bonds…

Q: Ashburn Corporation issued 10-year bonds two years ago at a coupon rate of 7.2 percent. The bonds…

A: Given, The Coupon rate is 7.2% Sale price of bond is 102% of par value

Q: Nikita Enterprises has bonds on the market making annual payments, with eleven years to maturity, a…

A: Par value (Z) = $1,000Yield to maturity (r) = 0.076Current price (P) = $982Maturity period (n) = 11…

Q: Showbiz, Inc., has issued eight-year bonds with a coupon of 6.73 percent and semiannual coupon…

A: given, n=8 coupon rate = 6.73% semi annual coupon r=7.51% par = 1000 m=2

Q: What must the coupon rate be on the bonds?

A: A bond is a certificate acknowledging the debt. It can be issued by a government or corporation for…

Q: Madison Inc. just issued bonds with a par value of $1,000, an annual coupon rate of 3.5%, coupons…

A: Compound = Semiannually = 2Face value = fv = $1000Coupon rate = 3.5 / 2 = 1.75%Time = t = 10 * 2 =…

Q: Essex Biochemical Company has a $1,000 par value bond outstanding that pays 10 percent annual…

A: Bonds refer to instruments used to raise debt capital for the issuing company from non-traditional…

Q: McConnell Corporation has bonds on the market with 19 years to maturity, a YTM of 9.4 percent, a par…

A: Price of the bond is the PV of all future coupons and par value discounted at the YTM. By…

Q: Nikita Enterprises has bonds on the market making annual payments, with ten years to maturity, a par…

A: The coupon rate is the rate at which the interest is paid to the bondholders based on the face value…

Q: Dawg, Inc. has $1,000 par value bonds outstanding that make semiannual payments. The bonds were…

A: Bonds are the debt instruments that are issued to raise funds for fixed tenure at fixed coupon…

Q: Westco Company issued 11-year bonds a year ago at a coupon rate of 8.3 percent. The bonds make…

A: Given information: Face or Par value (FV) = $1000 As the bond pays semiannually or 2 times in a…

Q: Henley Corporation has bonds on the market with 16 years to maturity, a YTM of 10.5 percent, a par…

A:

Q: What must the coupon rate be on the bonds? (Do not round intermediate calculations and enter your…

A: A bond's price is determined by the bond's future cash flows, which include periodic interest…

Q: Sandhill Company is issuing eight-year bonds with a coupon rate of 6.8 percent and semiannual coupon…

A: A bond is a kind of debt security issued by the government and private companies to the public for…

Q: Ashburn Corporation issued 15-year bonds two years ago at a coupon rate of 8.2 percent. The bonds…

A: YTM = 7.83%Explanation:Step 1:FV = 1,000Coupon rate = 8.20%Coupon payment=1,000×0.082/2 = 41Years to…

Q: Draiman Corporation has bonds on the market with 20 years to maturity, a YTM of 11.3 percent, a par…

A: Maturity = 20 yearsYTM = 11.3%Par value = $1000Current price of bond = $935To find: Coupon rate on…

Q: You are analyzing the cost of debt for a firm. You know that the firm's 14-year maturity, 8.6…

A: YTM can be found by using the RATE function in the excel sheet where the NPER, PMT, price of the…

Q: One year ago, XYZ Co. issued 13-year bonds at par. The bonds have a coupon rate of 3.51 percent,…

A: Coupon rate = 6.49%Face value = $1000Market yield = 6.98%Percentage change in price of bond.

Q: arkway Void Co. issued 16-year bonds two years ago at a coupon rate of 9.5 percent. The bonds make…

A:

Q: Enterprises has bonds on the market making annual payments, with 15 years to maturity, a par value…

A: > Using excel PMT function> Where> NPER =  Year's to maturity> PV = Price of bond> FV…

Q: Westco Company issued 15-year bonds a year ago at a coupon rate of 8.1 percent. The bonds make…

A: In this question we are given with the following information face value of bond= $1000 Annual…

Q: Bell Canada issues a 20 year bond with 3% coupon rate (paid semi-annually) Other similar Bell Canada…

A: Bonds are debt instruments issued by companies. The issuing company pays periodic coupons or…

Q: The Garland Corporation has a bond outstanding with a $70 annual interest with semiannual payment, a…

A: If the bonds are issued by the company fo certain period at offered interest payments at regular…

Q: Dufner Co. Issued 17-year bonds one year ago at a coupon rate of 6.8 percent. The bonds make…

A: Investors purchase bonds as debt instruments from governments, municipalities, or corporations,…

Q: Marshall Company is issuing eight-year bonds with a coupon rate of 6.19 percent and semiannual…

A: Bonds are the units of obligation for corporates that are given by organizations and securitized as…