You bought a 10 year-bond with a face value of $10,000 with an interest rate of 8% annually paid and compounded quarterly on January 1, 16. In February 1, 2016, the market interest rate for this type of bonds stayed at 8%. The market-selling price for this bond is
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- A $60,000 bond with a coupon rate of 7.00% is redeemable on October 1, 2013. The bond coupons are paid every month. If the bond was purchased on July 1, 2009, when the interest rate in the market was 5.50% compounded monthly, what was the purchase price of the bond?A $10,000 bond with a coupon rate of 5% was redeemable on July 1, 2028. It was purchased on September 10, 2015 when the yield rate was 6% compounded semi- annually. Determine the purchase price of the bond. Paragraph IU ... Purchase Date: Redemption Date: 取 ANorth Co. Issued bonds on July 1, 2018 worth $100,000 with a coupon rate of 10% and an effective interest rate of 8%. Interest is paid annually, every July 1, and bonds mature after 5 years. Required: PV of Bonds: Calculation PV of Principal and PV of Interest and give your explanation about your calculation! Make issuance journal and please explain about the journal! Amortization: Calculation Bond Amortization Table and explain the result! Make Interest adjustment, amortization journal, and explain about the journal! Make Interest payment journal, amortization, and explain about the journal! Journalize Redemption at maturity and explain about the journal!
- A bond that has a face value of $3,000 and coupon rate of 3.40% payable semi-annually was redeemable on July 1, 2021. Calculate the purchase price of the bond on February 10, 2015 when the yield was 3.65% compounded semi-annually.The company issued 4-year bond on January 1, 2018. The coupon rate is 8% payable semiannually. The market yield on the date of issuance was 10%. You purchased that bond and sold it on January 1, 2019 after receiving a second coupon. 1) Calculate the price of bond on January 1, 2018 when you bought it. 2) Calculate the price of bond on January 1, 2019 when you sold it when the market yield was 9% 3) Calculate the holding period return that you realized.A bond that has a face value of $3,000 and coupon rate of 2.40% payable semi-annually was redeemable on July 1, 2021. Calculate the purchase price of the bond on February 10, 2015 when the yield was 2.65% compounded semi-annually. (Round to the nearest cent)?
- TreeTop Inc. bonds was issued on Oct 15th, 2010. The bonds have a coupon rate of 6.2%, with interest paid annually. The par value of the bonds is $1,000 and the maturity is Oct 15th, 2042. If the market price of one contract of TreeTop bond on Oct 15th, 2020 is $1,105, what is the annual interest rate to be earned by an investor who bought it on Oct 15th, 2020 at the said market price and plan to hold on to the bond till maturity? Round to the 0.01%, i.e., two decimal places. Enter your answer in the form of a percentage. For example, if your answer is "12.34%", enter "12.34".A P100,000, 6% bond pays dividend semi-annually and will be redeemed at 120% on December 31, 2015. If you bought this bond on December 31, 2011 to yield 5% interest compounded semi-annually, find the price of the bondA $25,000 bond redeemable at par on November 08, 2015 is purchased on February 03, 2006. Interest is 9 3% payable semi-annually and the yield is 7.8% compounded semi-annually (a) What is the cash price of the bond? (b) What is the accrued interest? (c) What is the quoted price?
- A bond of $40,000 was issued by the Central Bank on August 17, 2012, with a 30-year maturity. The coupon rate was 3.7% compounded semi-annually. If you want to purchase this bond today: 1. What cash price does it have, when prevailing market rates today are 5.2% compounded semi-annually? 2. What is the amount of the bond premium or discount? 3. What is the amount of the payment that you would receive every six months?A $10,000 bond redeemable at par on August 10, 2019 was bought on June 15, 2015. The bond pays 5% compounded semi-annually and the current yield is 6% compounded semi-annually. Round final answers to the nearest cent. a) What was the purchase price of the bond?A $10,000 bond redeemable at par on August 10, 2019 was bought on June 15, 2015. The bond pays 5% compounded semi-annually and the current yield is 6% compounded semi-annually. Round final answers to the nearest cent. a) What was the purchase price of the bond? b) What was the accrued interest amount? c) What was the quoted price?