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JIM Corporation issued 15-year semi - annual 11% coupon bonds. If the current yield to maturity is 5%, what is the firm's current
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- Smashing Cantaloupes Inc. issued 5-year bonds with a par value of $35,000 and an 8% semiannual coupon (payable June 30 and December 31) on January 1, 2018, when the market rate of interest was 10%. Were the bonds issued at a discount or premium? Assuming the bonds sold at 92.288, what was the sales price of the bonds?Bond Valuation with Semiannual Payments Renfro Rentals has issued bonds that have a 10% coupon rate, payable semiannually. The bonds mature in 8 years, have a face value of $1,000, and a yield to maturity of 8.5%. What is the price of the bonds?Schallheim Corporation’s outstanding bonds have a $1,000 par value, a 14 percent semiannual coupon, 6 years to maturity, and an 11 percent yield to maturity (YTM). What is the bond’s price? a. $1,129.28 b. $1,126.92 c. $1,074.93 d. $740.31 e. $1,000.00
- A firm's $1,000 par value bonds mature in 7 years. The have an annual coupon payment of $70 and the market interest rate is 8.5%. What is the bond's price? Select one: a. $923.22 b. $946.30 c. $969.96 d. $994.21 e. $1,019.06A $1,000 per value bond with a 5.8% coupon and semi-annual interest payments has 25 years to maturity. If the bonds are currently trading for $1,122.75, what is the cost of debt for the firm? 4.94% 5.12% 4.93% 4.50% 6.02%A. Morin Company's bonds mature in 8 years, have a par value of $1,000, and make an annual coupon interest payment of $65. The market requires an interest rate of 6.7% on these bonds. What is the bond's price? a. $1,215.14 b. $1,155.86 c. $1,047.19 d. $770.58 e. $987.92 B. Which of the following statements is CORRECT? a. IPO prices are generally established by the market, and buyers of the new stock must pay the price that prevails at the close of trading on the day the stock is offered to the public. b. It is possible that the price set in an IPO is so low that investors will want to buy more shares than the company wants to sell. In that case, the company will have to issue more shares than it wants to sell. c. The term "IPO" stands for Introductory Price Offered, and it is the price at which shares of a new company are offered to the public. d. In a "Dutch auction," investors who want to buy shares in an IPO submit bids…
- Miles Corporation's bonds have a 15-year maturity, an 8% semi-annual coupon, and a par value of $1,000. The going interest rate is 5.50%, based on semi-annual compounding. What is the bond's price? Select one: a. $1,211.90 b. $1,253.11 c. $1,200.44 d. $1,295.851. Copper Corp. has an outstanding bond issue that is currently selling for $1,073.95. The yield to maturity is 10.7%, and the bonds mature in 9 years. Assuming that the face value is $1000 and the bonds pay a semi-annual coupon, what is the current yield on the bonds? a. 8.9% b. 7.8% c. 13.4% d. 11.2%Sentry Corp. bonds have in annual coupon payment of 7.25%. The bonds have a par value of $1,000, a current price of $1,125, and they will mature in 13 years. What is the yield to maturity on these bonds? a. 5.56% b. 6.45% c. 5.85% d. 6.14% e. 6.77%
- A firm’s bonds have a maturity of 18 years with a $1,000 face value, a 13 percent semiannual coupon, are callable in 4 years at $1,055, and currently sell at a price of $1,156. What is their yield to maturity (YTM)? a. 8.33% b. 9.40% c. 13.00% d. 10.99% e. 11.08%Onipa Hia Mmoa Holdings bonds have an annual coupon payment of 7.25%. The bonds have a par value of 1,000, the price of the bonds today is GHS1,125.00 and matures in 13 years. What is the yield to maturity on these bonds? A. 5.56% B. 5.85% C. 6.14% D. 6.45%Morin Company's bonds mature in 8 years, have a par value of $1,000, and make an annual coupon interest payment of $65. The market requires an interest rate of 6.1% on these bonds. What is the bond's price? a. $1,024.74 b. $1,147.71 c. $1,116.97 d. $1,096.47 e. $1,280.93 please type out all of your work