A bond promises to pay you $7,000.00 in earn 6 percent on securities of equal risks, what would be the present value of the Bond? (to the nearest dollar) years. If you are able to Select one: O a. $4,200 O b. $3,589 OC. $3,727.00 O d. $3,909 A bond will sell at if the required return is greater than the coupon rate
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- You purchase a bond with an invoice price of $1,320. The bond has a coupon rate of 4.4 percent, and there are 4 months to the next semiannual coupon date. What is the clean price of the bond? Assume a par value of $1,000. Multiple Choice O о о O $1,270.67 $1,305.43 $1,312.67 $1,323.67 $1,285.33Suppose that a one-year, risk-free, zero-coupon bond with a $100,000 face value has an market price of $96,618.36. If you purchased this bond and held it to maturity, what is the yield-to-maturity on your bond? (Hint: use 4 decimal places for your calculations.) A. 1.50% B. 2.49% C. 4.49% D. 5.20% E. None of the above. 2.Suppose a bond with a 12% coupon rate and semiannual coupons, has a face value of $1,000, 10 years to maturity and is selling for $1,197.93. Calculate: A. Current yield, and B. YTM if the price of the bond in one year is $2,014.83 STEPS MAY INCLUDE USE OF FINANCIAL CALCULATOR (BA 2 PLUS)
- Suppose you want to purchase a bond with a $1,000 par value maturing in 4 years with an 8% annual coupon interest rate, and has a market interest rate of 6%. What's the price or the value of this bond? Select one: O a. $1,069.31 O b. $9712 O c. $1,000 7 O d. 927.66Suppose a thirty-year bond with a $10,000 face value pays a 0.0% annual coupon (at the end of the year), has 1 year left to maturity, and has a discount rate of 0.0%. Ceteris paribus, it follows that the current market price of the bond should be Select one: a. more $10,000. Ob. $10,000 c. less than $10,000. d. The market price of the bond cannot be determined from the information given.A bond has the following features: Coupon rate of interest: 5 percent Principal: $1,000 Term to maturity: 10 years a. What will the holder receive when the bond matures? b. If the current rate of interest on comparable debt is 8 percent, whatshould be the price of this bond? Would you expect the firm to callthis bond? Why? c. If the bond has a sinking fund that requires the firm to set aside annuallywith a trustee sufficient funds to retire the entire issue at maturity,how much must the firm remit each year for ten years if the funds earn8 percent annually and there is $100 million outstanding?
- You are considering investing in a zero-coupon bond that will pay you its face value of $100 in twelve years. If the bond is currently selling for $39.71, then the internal rate of return (IRR) for investing in this bond is closest to: O A. 8.0% О В. 10.2% Ос. 7.0% O D. 9.1%A $1000 bond with a coupon rate of 6.2% paid semiannually has eight years to maturity and a yield to maturity of 8.3%. If interest rates rise and the yield to maturity increases to 8.6%, what will happen to the price of the bond? Select one: O a. The price of the bond will fall by $15.78. O b. The price of the bond will fall by $18.93. OC The price of the bond will not change. O d. The price of the bond will rise by $15.78.A bond that has features: coupon of rate of 5 percent principal: $1,000 term to maturity: 10 years a. what will the holder receive when the bond matures? b. if the current rate of interest on comparable debt is 8 percent, what should be the price of this bond? would you expect the firm to call this bond? why? c. if the bond has a sinking fund that requires the firm to set aside annually with a trustee sufficient funds to retire the entire issue at maturity, how much must the firm remit each year for ten years if the fundas earn 8 percent annually and there is $100 million oustanding?
- You have a 15-year maturity, 4% coupon, 6% yield bond with duration of 10.5 years and a convexity of 128.75. The bond is currently priced at $805.76. If the interest rate were to increase 200 basis points, your predicted new price for the bond (including convexity) is Select one: O A. $662.23 B. $642.54 OC. $705.03 OD. $638.85The market price of a bond is $825.60, it has 15 years to maturity, a $1000 face value, and pays an annual coupon of $80. What is the yield to maturity? Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a b с d e 10.34% 14.00% 16.24% 19.31% 19.95%Consider the following fixed income security: Par: $1000 Coupon rate: 4% Maturity: 5 years YTM: 3.5% 7. What is the value of this bond? 8. What is Macauley’s Duration of this bond? 9. Were you to replicate the bond by holding a 1-year maturity Zero and a perpetuity at 4%, what percentage would you invest in the Zeros to match the bond?9