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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 45 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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Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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xjustxicex

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Reply 2 on: Aug 7, 2023
Great answer, keep it coming :)


bbburns21

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

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