This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The ________ is the expiration date of the bond. A) future value B) yield to maturity C) ... (Read 53 times)

james0929

  • Hero Member
  • *****
  • Posts: 586
on: Jul 10, 2018
The ________ is the expiration date of the bond.
 
  A) future value
  B) yield to maturity
  C) maturity date
  D) coupon

Question 2

Ten years ago Bacon Signs Inc. issued twenty-five-year 8 annual coupon bonds with a 1,000 face value each. Since then, interest rates in general have fallen and the yield to maturity on the Bacon bonds is now 7.
 
  Given this information, what is the price today for a Bacon Signs bond?
  A) 1,000
  B) 1,116.54
  C) 1,091.08
  D) 914.41


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

vickyvicksss

  • Sr. Member
  • ****
  • Posts: 351
Reply #1 on: Jul 10, 2018
Answer to Question 1

Answer: C

Answer to Question 2

Answer: C
Explanation: C)
Bond Price = PMT  +
= 80  + = 1,091.08.

MODE = END
INPUT 15 7 0 -80 -1,000
KEY N I/Y PV PMT FV
CPT 1,091.08


james0929

  • Member
  • Posts: 586
Reply 2 on: Jul 10, 2018
Wow, this really help

Dnite

  • Member
  • Posts: 297
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Historic treatments for rheumatoid arthritis have included gold salts, acupuncture, a diet consisting of apples or rhubarb, nutmeg, nettles, bee venom, bracelets made of copper, prayer, rest, tooth extractions, fasting, honey, vitamins, insulin, snow collected on Christmas, magnets, and electric convulsion therapy.

Did you know?

Though the United States has largely rejected the metric system, it is used for currency, as in 100 pennies = 1 dollar. Previously, the British currency system was used, with measurements such as 12 pence to the shilling, and 20 shillings to the pound.

Did you know?

The strongest synthetic topical retinoid drug available, tazarotene, is used to treat sun-damaged skin, acne, and psoriasis.

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?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

teach their children to care for the earth in hopes of passing on a better world to future generatio teach their children to care for the earth in hopes of passing on a better world to future generatio
Smart cars in the future Smart cars in the future
the transamination product of tryptophan is decarboxylated to yield indole-3-acetic acid, or auxin the transamination product of tryptophan is decarboxylated to yield indole-3-acetic acid, or auxin
How to calculate the future value of a mutual fund How to calculate the future value of a mutual fund
Can Expiry Date Can Expiry Date
A promissory note has a face value of $6000 and it has a date of issue of June 1 this year. The ... A promissory note has a face value of $6000 and it has a date of issue of June 1 this year. The ...
Video: How a Urinalysis is Performed

For a complete list of videos, visit our video library