The bonds make semiannual payments. ? (Do not round Intermediate calculations. Round the final answert
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- 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. a). 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 $ ________________ b). 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 ____________bonds?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 _____________ BondsMaxcorp’s bonds sell for $1,065.15. The bond life is 9 years, and the yield to maturity is 7%. What is the coupon rate on the bonds? (Assume a face value of $1,000 and annual coupon payments.) (Do not round intermediate calculations. Enter your answer as a percent rounded to 1 decimal place.)
- Dufner Co. issued 14-year bonds one year ago at a coupon rate of 6.4 percent. The bonds make semiannual payments. If the YTM on these bonds is 5.3 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.) A. current bond priceWesimann Co. issued 11-year bonds a year ago at a coupon rate of 7.7 percent. The bonds make semiannual payments and have a par value of $1,000. If the YTM on these bonds is 6 percent, what is the current bond price? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Current bond priceMaxcorp’s bonds sell for $1,116.28. The bond life is 9 years, and the yield to maturity is 7.2%. What is the coupon rate on the bonds? (Assume a face value of $1,000 and annual coupon payments.) Note: Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.
- 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 %The Clarence Corporation has issued bonds that pay semiannually with the following characteristics: Macaulay Duration 7.30 years a. Calculate modified duration using the information provided. Do not round intermediate calculations. Round your answer to two decimal places. Use only the data provided in the table above (in the problem statement) for your calculations. years Coupon 12% b. What is a better measure when calculating the bond's sensitivity to changes in interest rates? is a better measure of the bond's sensitivity to changes in interest rates as select- -Select- c. Identify the direction of change in modified duration if: 1. the coupon of the bond were 14%, not 12%. Modified duration -Select- as the coupon increases. 2. the maturity of the bond were 9 years, not 15 years. Modified duration -Select- | as maturity decreases. Yield to Maturity Maturity 12% 15 considers only the final cash flow, while -Select- includes other factors.What is the YTM of the bond given the information below. The bond makes annual interest payments. (Do not round intermediate calculations, round answer to two decimals, i.e. 32.16) Coupon Rate:8.4% Maturity (years):6 Current Price: $1,159.63 Par value: $1,000.00
- Peterson Amalgamated recently issued 4-year semiannual coupon bonds. These bonds sell for $933.25 and have a yield-to-maturity of 8.9 percent. What is the bonds' coupon rate? Don't round steps, 2 decimal answer. _%A company issued bonds with 7.7% coupons paid annually (once per year), $1,000 face value, and 10 years left to maturity. If the YTM in the market for similar bonds is 9.7%, what is the current bond price? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 12.34.) Current bond priceMalahat Inc. has 7.5% coupon bonds on the market that have ten years left to maturity. The bonds make annual payments. If the YTM on these bonds Is 8.75%, what is the current bond price? Assume the par value of a bond is $1,000. (Do not round Intermediate calculations. Round the final answer to 2 decimal places. Omit $ sign in your response.) Current bond price