The Chauncey Corporation currently has a bond outstanding with a coupon rate of 6 percent and annual payments. The bond is currently selling for $983.04. The bond matures in 11 years and has a par value is $1,000. What is the yield to maturity (YTM) of The Chauncey Company's bonds? a)3.11% b)12.29% c)6.37% d)None of these options are correct e) 6.22%
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- Draiman Corporation has bonds on the market with 18.5 years to maturity, a YTM of 6.5 percent, a par value of $1,000, and a current price of $1,048. The bonds make semiannual payments. What must the coupon rate be on these bonds? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Coupon rate %Rhiannon Corporation has bonds on the market with 20.5 years to maturity, a YTM of 8.1 percent, a par value of $1,000, and a current price of $1,074. The bonds make semiannual payments. What must the coupon rate be on these bonds? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)The Chauncey Corporation currently has a bond outstanding with a coupon rate of 6 percent and annual payments. The bond is currently selling for $983.04. The bond matures. in 11 years and has a par value is $1,000. What is the yield to maturity (YTM) of The Chauncey Company's bonds? 3.11% 12.29% 6.37% O None of these options are correct 6.22%
- Lydic Corporation has bonds on the market with 15.5 years to maturity, a YTM of 7.6 percent, a par value of $1,000, and a current price of $1,063. The bonds make semiannual payments. What must the coupon rate be on these bonds? \The market price of a $1000 par value bond issued by KramericaInc that makes semiannual coupon payments is $985.03. This bond has 25 years to maturity and a yield to maturity of 6.26%. What is the coupon rate? 1 ) None of the answers in this list is within 0.05 percentage points of the correct answer. 2 ) 6.14 % 3) 4.50 % 4) 6.96 % 5) 5.38% 6 ) 3.07 %DMA Corporation has bonds on the market with 14.5 years to maturity, a YTM of 7.5%, and a current price of $1,061. The bonds make semiannual payments and have a par value of $1,000. What must the coupon rate be on these bonds? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
- XYZ, Inc's bonds have 12 years remaining to maturity. Interest is paid annually, the bonds have a $1,000 par value, and the coupon interest rate is 8%. The bonds have a yield to maturity of 9%. What is the current market price of these bonds? Question 12 options: a) $828.93 b) $928.39 c) $892.93 d) $882.39Ashes Divide Corporation has bonds on the market with 14.5 years to maturity, a YTM of 6.8 percent, and a current price of $924. The bonds make semiannual payments. What must the coupon rate be on these bonds?Draiman Corp has bonds on the market with 14.5 years to maturity, a YTM of 5.3%, a par value of $1000, and a current price of $987. The bonds make semiannual payments, what must the coupon rate be on these bonds?
- Draiman Corporation has bonds on the market with 23.5 years to maturity, a YTM of 7 percent, a par value of $1,000, and a current price of $1,051. The bonds make semiannual payments. What must the coupon rate be on these bonds? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)Marshall Company is issuing eight-year bonds with a coupon rate of 6.19 percent and semiannual coupon payments. If the current market rate for similar bonds is 9.23 percent. What will be the bond price? (Round intermediate calculations to 4 decimal places, e.g. 1.2514 and bond price to 2 decimal places, e.g. 15.25.) Bond price $ ___________ If the company wants to raise $1.25 million, how many bonds does the firm have to sell? (Round intermediate calculations to 4 decimal places, e.g. 1.2514 and number of bonds to 0 decimal places, e.g. 5,275.) Number of bonds _____________ BondsKatie Pairy Fruits Inc. has a $1,300 14-year bond outstanding with a nominal yield of 18 percent (coupon equals 18% × $1,300 = $234 per year). Assume that the current market required interest rate on similar bonds is now only 12 percent. Use Appendix B and Appendix D for an approximate answer but calculate your final answer using the formula and financial calculator methods. a. Compute the current price of the bond. (Do not round intermediate calculations. Round your final answer to 2 decimal places. Assume interest payments are annual.) b. Find the present value of 6 percent × $1,300 (or $78) for 14 years at 12 percent. The $78 is assumed to be an annual payment. Add this value to $1,300. (Do not round intermediate calculations. Round your final answer to 2 decimal places. Assume interest payments are annual.) multiple choice Yes No