BGA has an issue of $1000 par value annual coupon bonds with 11 years remaining...
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Accounting
BGA has an issue of $1000 par value annual coupon bonds with 11 years remaining until maturity. The annual coupon rate is given in the spreadsheet, along with the current price of the bonds. What is the yield to maturity on the bonds?
| Bega Cheese (BGA) | |
| Loan payment per quarter | $2,400.00 |
| Operating revenue (in millions)2 | $2.07 |
| Annual growth in revenue | 15% |
| Property price | $35,00,000 |
| Investment X (p.a.) | 4.74% |
| (compounding frequency) | quarterly |
| Investment Y (p.a.) | 4.45% |
| (compounding frequency)1 | daily |
| Investment Z (p.a.) | 4.25% |
| (compounding frequency) | semi-annually |
| Part e. annual coupon rate | 5.00% |
| Part e. Current bond price | $1,217.25 |
| Part f. annual coupon rate | 7.00% |
| Part f. market required return | 5.95% |
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