« previous next »

Author Question: You purchase 30 bonds with a coupon rate of 8.875 and a current market price of 100. The commission ... (Read 121 times)

Charlie

  • Hero Member
  • *****
  • Posts: 640
on: Jun 24, 2018
You purchase 30 bonds with a coupon rate of 8.875 and a current market price of 100. The commission charge is 5.00 per bond. The date of the transaction is April 1, and the bond pays interest on January 1 and July 1. What is your total purchase price?

Question 2

When calculating present value, the ___________________ _ the interest rate, the smaller the present value amount.
 Fill in the blank(s) with correct word


otokexnaru

  • Sr. Member
  • ****
  • Posts: 314
Reply #1 on: Jun 24, 2018
Answer to Question 1

30,815.63

Answer to Question 2

larger


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Oliver Wendell Holmes is credited with introducing the words "anesthesia" and "anesthetic" into the English language in 1846.

Did you know?

For high blood pressure (hypertension), a new class of drug, called a vasopeptidase blocker (inhibitor), has been developed. It decreases blood pressure by simultaneously dilating the peripheral arteries and increasing the body's loss of salt.

Did you know?

Liver spots have nothing whatsoever to do with the liver. They are a type of freckles commonly seen in older adults who have been out in the sun without sufficient sunscreen.

Did you know?

The Centers for Disease Control and Prevention (CDC) was originally known as the Communicable Disease Center, which was formed to fight malaria. It was originally headquartered in Atlanta, Georgia, since the Southern states faced the worst threat from malaria.

Did you know?

Never take aspirin without food because it is likely to irritate your stomach. Never give aspirin to children under age 12. Overdoses of aspirin have the potential to cause deafness.

Past and current ranges of the grizzly bear. Past and current ranges of the grizzly bear.
Relative energies of covalent bonds and noncovalent interactions Relative energies of covalent bonds and noncovalent interactions
The level of future emissions is closely linked to the rate of population growth The level of future emissions is closely linked to the rate of population growth
Stock Market Question Stock Market Question
If a graph has the following x-intercepts, which value of x is the instantaneous rate of change ... If a graph has the following x-intercepts, which value of x is the instantaneous rate of change ...
Daniel's Enterprises has a beta of 1.98 and a growth rate of 12 percent. The stock is ... Daniel's Enterprises has a beta of 1.98 and a growth rate of 12 percent. The stock is ...
Video: Ciliate conjugation Animation

For a complete list of videos, visit our video library