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Author Question: Morrissey Companys bonds mature in 8 years, have a par value of $1,000, and make an annual coupon ... (Read 47 times)

xjustxicex

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Question 1

Moerdyk Corporation’s bonds have a 12-year maturity, an 8.50% semiannual coupon, and a par value of $1,000. The going interest rate (rd) is 6.4%, based on semiannual compounding. What is the bond’s price?

$1,174.05


$1,190.25


$1,226.10


$1,250.08



Question 2

Morrissey Company’s bonds mature in 8 years, have a par value of $1,000, and make an annual coupon payment of $90. The market interest rate for the bonds is 11%. What is the bond’s price?

$860.33


$882.15


$897.08


$912.40



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Marked as best answer by xjustxicex on Aug 7, 2023

hillard sane

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xjustxicex

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Reply 2 on: Aug 7, 2023
Wow, this really help


bigsis44

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Reply 3 on: Yesterday
Excellent

 

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