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Author Question: Quigley Inc.s bonds currently sell for $1,290 and have a par value of $1,000. They pay a $110 annual ... (Read 51 times)

Bobvance

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on: Aug 7, 2023

Question 1

O’Brien Ltd.’s outstanding bonds have a $1,000 par value, and they mature in 20 years. Their nominal yield to maturity is 8.9%, they pay interest semiannually, and they sell at a price of $870. What is the bond’s nominal (annual) coupon interest rate?

◦

7.25%


◦

7.50%


◦

7.85%


◦

8.10%



Question 2

Quigley Inc.’s bonds currently sell for $1,290 and have a par value of $1,000. They pay a $110 annual coupon and have a 13-year maturity, but they can be called in 5 years at $1,186. What is their yield to maturity (YTM)?

◦

7.44%


◦

7.70%


◦

8.03%


◦

8.28%

Financial Management: Theory and Practice ¦ Brigham, Ehrhardt, Gessaroli, Nason ¦ 4th Edition
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Marked as best answer by Bobvance on Aug 7, 2023

heathercab

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Reply #1 on: Aug 7, 2023
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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Bobvance

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Reply 2 on: Aug 7, 2023
Thanks for the timely response, appreciate it

gcook

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Reply 3 on: Yesterday
Excellent

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