Grossnickle Corporation issued 20-year, noncallable, 7.2% annual coupon bonds at their par value of $1,000 one year ago. Today, the market interest rate on these bonds is 5.6%. What is the current price of the bonds, given that they now have 19 years to maturity?   a. $1,237.42     b. $1,184.25     c. $1,194.73     d. $1,230.68     e. $1,189.63

AEP issued 20-year 7.4% annual coupon bonds at their par value of $1,000 one year ago. Today, the market interest rate on these bonds is 5.5%. What is the price of the bonds today? $1,196.13 $1,220.55 $1,281.57 $1,000.85 $1,013.05

Tweet Ltd recently issued non-callable bonds that mature in 10 years. They have a par value of $1,000 and an annual coupon of 6%. If the current market interest rate is 8.0%, at what price should the bonds sell?               Select one: a. $897.21 b. $855.26 c. $865.79 d. $831.14

Wildhorse Corp. has 18-year bonds outstanding. These bonds, which pay interest semiannually, have a coupon rate of 9.875 percent and a yield to maturity of 6.0 percent. Assume face value is $1,000. Problem 8.30(a) Your answer is incorrect. Compute the current price of these bonds. (Round answer to 2 decimal places, e.g. 15.25.) Current price $ EA

am. 74.

Grossnickle Corporation issued 25-year, noncallable, 6.9% annual coupon bonds at their par value of $1,000 one year ago. Today, the market interest rate on these bonds is 4.5%. What is the current price of the bonds, given that they now have 24 years to maturity?   a. $1,392.90     b. $1,401.92     c. $1,347.89     d. $1,363.52     e. $1,355.88

A corporation issued 30-year, noncallable, 5.5% annual coupon bonds at their par value of $1,000 five years ago. Today, the market interest rate on these bonds is 7.5%. What is the current price of the bonds, given that they now have 25 years to maturity?

West Corporation issued 12-year bonds 2 years ago at a coupon rate of 9.2 percent. The bonds make semiannual payments. If these bonds currently sell for 104 percent of par value, what is the YTM? Multiple Choice O 10.31% 7.74% 8.60% 4.30% 9,46%

One year ago, a company issued 15-year, noncallable, 7.75% annual coupon bonds at their par value of $1,000. Today, the market interest rate on these bonds is 6.75%. What is the current price of the bonds?