Question

A bond that has a face value of $1,500 and coupon rate of 2.90% payable semi-annually...

A bond that has a face value of $1,500 and coupon rate of 2.90% payable semi-annually was redeemable on July 1, 2021. Calculate the purchase price of the bond on February 10, 2015 when the yield was 3.65% compounded semi-annually. Round to the nearest cent\

Homework Answers

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
A bond that has a face value of $3,000 and coupon rate of 3.40% payable semi-annually...
A bond that has a face value of $3,000 and coupon rate of 3.40% payable semi-annually was redeemable on July 1, 2021. Calculate the purchase price of the bond on February 10, 2015 when the yield was 3.90% compounded semi-annually. Round to the nearest cent
A $85,000 bond with a coupon rate of 7.00%, payable semi-annually, is redeemable in 12.5 years....
A $85,000 bond with a coupon rate of 7.00%, payable semi-annually, is redeemable in 12.5 years. What was the purchase price of the bond, when the yield rate was 5.00% compounded semi-annually? Round to the nearest cent
Helen purchased a $1,500 bond that was paying a coupon rate of 5.20% compounded semi-annually and...
Helen purchased a $1,500 bond that was paying a coupon rate of 5.20% compounded semi-annually and had 5 more years to mature. The yield at the time of purchase was 6.70% compounded semi-annually. a. How much did Helen pay for the bond? Round to the nearest cent b. What was the amount of premium or discount on the bond? (click to select)PremiumDiscount amount was Round to the nearest cent
A $5,000 bond had a coupon rate of 5.50% with interest paid semi-annually. Ali purchased this...
A $5,000 bond had a coupon rate of 5.50% with interest paid semi-annually. Ali purchased this bond when there were 6 years left to maturity and when the market interest rate was 5.75% compounded semi-annually. He held the bond for 3 years, then sold it when the market interest rate was 5.25% compounded semi-annually. a. What was the purchase price of the bond? Round to the nearest cent. b. What was the selling price of the bond? Round to the...
A $1000 bond bearing interest at 8% payable semi-annually redeemable at par on February 1, 2020,...
A $1000 bond bearing interest at 8% payable semi-annually redeemable at par on February 1, 2020, was purchased on October 12, 2013, to yield 7% compounded semi-annually. Determine the purchase price.
A $1000 bond bearing interest at 8% payable semi-annually redeemable at par on February 1, 2020,...
A $1000 bond bearing interest at 8% payable semi-annually redeemable at par on February 1, 2020, was purchased on October 12, 2013, to yield 7% compounded semi-annually. Determine the purchase price.
Lionel purchased a $5,000 bond that was paying a coupon rate of 4.40% compounded semi-annually and...
Lionel purchased a $5,000 bond that was paying a coupon rate of 4.40% compounded semi-annually and had 8 more years to mature. The yield at the time of purchase was 5.80% compounded semi-annually. a. How much did Lionel pay for the bond? Round to the nearest cent b. What was the amount of premium or discount on the bond? (click to select)Premium or Discount amount was ____ Round to the nearest cent
What is the price of a bond with a coupon rate of 7%, payable semi-annually, a...
What is the price of a bond with a coupon rate of 7%, payable semi-annually, a face value of $1000, 8 years to maturity, and a yield to maturity of 7.7%?
a 10-year bond, $1,000 face value bond with a 8% coupon rate and semi-annual coupons has...
a 10-year bond, $1,000 face value bond with a 8% coupon rate and semi-annual coupons has a yield to maturity of 12%. the bond should be trading at the price of? round to nearest cent
16. A 10-year bond, $100 face value bond with a 8% coupon rate and semi-annual coupons...
16. A 10-year bond, $100 face value bond with a 8% coupon rate and semi-annual coupons has a yield maturity of 5%. The bond should be trading at a price of $.___ Round to the nearest cent. 17. XYZ company has just issued a 30-year bond with a coupon rate of %7.5 (annual coupon payments) and a face value of $1,00. If the yield to maturity is 11%, what is the price of the bond. Round to the nearest cent....