Question

O'Brien Ltd.'s outstanding bonds have a $1,000 par value, and they mature in 20 years. Their...

O'Brien Ltd.'s outstanding bonds have a $1,000 par value, and they mature in 20 years. Their nominal yield to maturity is 8.25%, they pay interest semiannually, and they sell at a price of $900. What is the bond's nominal (annual) coupon interest rate? Enter your answer rounded to two decimal places.

Business   Finance   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

SEE THE IMAGE. ANY DOUBTS, FEEL FREE TO ASK. THUMBS UP PLEASE

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
O'Brien Ltd.'s outstanding bonds have a $1,000 par value, and they mature in 20 years. Their...
O'Brien Ltd.'s outstanding bonds have a $1,000 par value, and they mature in 20 years. Their nominal yield to maturity is 8.75%, they pay interest semiannually, and they sell at a price of $900. What is the bond's nominal (annual) coupon interest rate?
O'Brien Ltd.'s outstanding bonds have a $1,000 par value, and they mature in 25 years. Their...
O'Brien Ltd.'s outstanding bonds have a $1,000 par value, and they mature in 25 years. Their nominal annual, not semiannual yield to maturity is 9.25%, they pay interest semiannually, and they sell at a price of $700. What is the bond's nominal coupon interest rate?
O'Brien Ltd.'s outstanding bonds have a $1,000 par value, and they mature in 25 years. Their...
O'Brien Ltd.'s outstanding bonds have a $1,000 par value, and they mature in 25 years. Their nominal annual, not semiannual yield to maturity is 9.25%, they pay interest semiannually, and they sell at a price of $1,025. What is the bond's nominal coupon interest rate?
O’Brien Ltd.’s outstanding bonds have a $1,000 par value, and they mature in 23 years. Their...
O’Brien Ltd.’s outstanding bonds have a $1,000 par value, and they mature in 23 years. Their nominal yield to maturity is 5.50%, they pay interest semiannually, and they sell at a price of $1,230. What is the bond’s nominal (annual) coupon interest rate?
O’Brien Ltd.’s outstanding bonds have a $1,000 par value, and they mature in 15 years. Their...
O’Brien Ltd.’s outstanding bonds have a $1,000 par value, and they mature in 15 years. Their nominal yield to maturity is 7.00%, they pay interest semiannually, and they sell at a price of $960. What is the bond’s nominal (annual) coupon interest rate? A. 6.57% B. 6.10% C. 7.00% D. 3.28%
1. O'Brien Ltd.'s outstanding bonds have a $1,000 par value, and they mature in 20 years....
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 8.25%, they pay interest semiannually, and they sell at a price of $850. What is the bond's nominal (annual) coupon interest rate? Enter your answer rounded to two decimal places. Do not enter % in the answer box. For example, if your answer is 0.12345 or 12.345% then enter as 12.35 in the answer box. 2. Mature Conglomerate...
Field Industries' outstanding bonds have a 25-year maturity and $1,000 par value. Their nominal yield to...
Field Industries' outstanding bonds have a 25-year maturity and $1,000 par value. Their nominal yield to maturity is 9.25%, they pay interest semiannually, and they sell at a price of $950. What is the bond's nominal (annual) coupon interest rate?
Company Xyz's outstanding bind shave a $1000 par value and they mature in 25 years. their...
Company Xyz's outstanding bind shave a $1000 par value and they mature in 25 years. their nominal yeild to maturity is 9.88%, theybpay interest semiannually and they sell at a price of $850. What is bonds annual coupon interest rate. 8.15 7.96 8.06 7.86 8.25
Mouse, Inc.’s outstanding bonds have a $1,000 par value, and they mature in 5 years. Their...
Mouse, Inc.’s outstanding bonds have a $1,000 par value, and they mature in 5 years. Their yield to maturity in 9%, based on semiannual payments, and the current market price is $853.61. What is the bond’s annual coupon rate?
Big Pear has 10,000 outstanding bonds. These bonds have a 30-year maturity and $1,000 par value....
Big Pear has 10,000 outstanding bonds. These bonds have a 30-year maturity and $1,000 par value. Their yield to maturity is 8%, they pay interest semiannually, and they sell at a price of $1,113.12. What is the bond's coupon interest rate? 6% 7% 8% 9% 10% 4.5%
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT