Bond par value 1000
[DOC File]Solutions to Quiz 2 are after the questions
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19. A convertible bond has a par value of $1,000 but its current market price is $833. The current price of the issuing company's stock is $22 and the conversion ratio is 40 shares. The bond's market conversion value is _____. A) $1,000 . B) $880 . C) $833 . D) $800 . 20.
[DOC File]Soln Ch 13 Bond prices - York University
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The bond will be selling at par value of $1,000 in 3 years, since coupon is forecast to equal yield to maturity. Therefore, total proceeds in 3 years will be $1,226.39. To find realized compound yield on a semiannual basis (i.e., for 6 half-year periods), we solve: $960 (1 + y)6 = $1,226.39. Which implies that y = 4.166% (semiannual) b.
[DOC File]Sample midterm
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3. The face value of a bond is received by the bondholder: A) at the time of purchase. B) annually. C) whenever coupon payments are made. D) at maturity. E) none of the above . 4. How much would an investor expect to pay for a $1,000 par value bond with a 9% annual coupon that matures in 5 years if the interest rate is 7%? A) $696.74 . B) $1,075.82
[DOC File]Quiz 6 - Purdue University
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A 10 year bond with a 1000 par value pays annual coupons of 50 and is redeemable at par. Audrey purchases the bond for 1100. Calculate Audrey’s yield to maturity on the bond. (A) 3.78% (B) 4.02% (C) 4.25% (D) 4.47% (E) 4.72%. A 15 year bond with a par value of 1000 has a 7% coupon rate payable semi-annually. The redemption value of the bond ...
[DOC File]Chapter Nine
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2. Calculate the duration of a two-year, $1,000 bond that pays an annual coupon of 10 percent and trades at a yield of 14 percent. What is the expected change in the price of the bond if interest rates decline by 0.50 percent (50 basis points)? Two-year Bond . Par value = $1,000 Coupon rate = 10% Annual payments. R = 14% Maturity = 2 years
[DOC File]CHAPTER 7
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The bond’s par value will be $1,000, it will mature in 3 years, and it will sell in the market for $727.25. The firm’s marginal tax rate is 40 percent. Zero coupon interest tax shield Answer: b Diff: T. 7A-. What is the nominal dollar value of the interest tax savings to the firm in the third year of the issue?
[DOC File]Chapter 10 #1 P
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PV = $1,000 * .104 = $104. $672.21. 104.00 $776.21. Chapter 10 #6 P. 306/307. The Hartford Telephone Company has a $1,000 par value bond outstanding that pays 11 percent annual interest. The current yield to maturity on such bonds in the market is 14 percent. Compute the price of the bonds for these maturity dates: a. 30 years.
[DOC File]Quantitative Problems Chapter 10
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14. A 20-year $1,000 par value bond has a 7% annual coupon. The bond is callable after the 10th year for a call premium of $1,025. If the bond is trading with a yield to call of 6.25%, the bond’s yield to maturity is what? Solution: The current price of the bond is computed using the yield to call as follows:
[DOC File]Quantitative Problems Chapter 5
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Par Value $1,000. Calculated YTM 7%. Corporate Bond. Purchase Price $1,018.25. After-tax Coupon Payment $78. Par Value $1,000. Calculated YTM 7.35%. The corporate bond offers a higher yield, and is the better buy. 5. Debt issued by Southeastern Corporation currently yields 12%. A municipal bond of equal risk currently yields 8%.
[DOC File]Exam-type questions
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24. Consider a $1,000 par value bond with a 7 percent annual coupon. The bond pays interest annually. There are 9 years remaining until maturity. What is the current yield on the bond assuming that the required return on the bond is 10 percent? a. 10.00%. b. 8.46% * c. 7.00%. d. 8.52%. Current yield = Annual coupon payment/Current price.
[DOC File]Bonds, Instructor's Manual
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The par value of a bond is often $1,000, but can be $5,000 or more. The maturity date is the date when the bond's par value is repaid to the bondholder. Maturity dates generally range from 10 to 40 years from the time of issue. A call provision may be written into a bond contract, giving the issuer the right to redeem the bonds under specific ...
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