subject
Business, 07.04.2020 00:20 DarkWolf1963

Even though most corporate bonds in the United States make coupon payments semiannually, bonds issued elsewhere often have annual coupon payments. Suppose a German company issues a bond with a par value of €1,000, 25 years to maturity, and a coupon rate of 7.9 percent paid annually.
Required:
(a) If the yield to maturity is 8.6 percent, what is the current price of the bond? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e. g., 32.16))

ansver
Answers: 1

Other questions on the subject: Business

image
Business, 21.06.2019 20:30, jackiecroce1
Which of the following best describes the purpose of raising and lowering the required reserve ratio? a. to make sure that government spending does not result in either a surplus or deficit. b. to stimulate economic growth by making it less expensive for producers to get loans. c. to manage the economy by increasing or decreasing the amount of loans being made. d. to regulate the activity of private banks to assure an equitable distribution of wealth. 2b2t
Answers: 3
image
Business, 22.06.2019 11:10, nataliahenderso
Which feature is a characteristic of a corporation?
Answers: 1
image
Business, 23.06.2019 21:00, tyrasimpson4787
The phenomenal sales of epic works of fiction such as lord of the rings by j. r.r. tolkien center on magic as a real force in society. in tolkien’s work, the object of interest is a ring that gives the wearer great power. what kind of magic is tolkien using in his fiction in regard to this particular object?
Answers: 2
image
Business, 23.06.2019 21:00, jayjay9434
Acompany recently announced that it would be going public. the usual suspects, morgan stanley, jpmorgan chase, and goldman sachs will be the lead underwriters. the value of the company has been estimated to range from a low of $5billion to a high of $100billion, with $45billion being the most likely value. if there is a 20% chance that the price will be at the low end, a 10% chance that the price will be at the high end, and a 70% chance that the price will be in the middle, what value should the owner expect the company to price at?
Answers: 3
You know the right answer?
Even though most corporate bonds in the United States make coupon payments semiannually, bonds issue...

Questions in other subjects:

Konu
Chemistry, 18.11.2020 04:40
Konu
History, 18.11.2020 04:40
Konu
Mathematics, 18.11.2020 04:40