Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. pls answer for b. pls round to the nearest cent

pls answer for b. pls round to the nearest cent (Related to Checkpoint...

60.1K

Verified Solution

Question

Finance

image

pls answer for b. pls round to the nearest cent

(Related to Checkpoint 9.4) (Bond valuation) A bond that matures in 15 years has a $1,000 par value. The annual coupon interest rate is 8 percent and the market's required yield to maturity on a comparable-risk bond is 13 percent. What would be the value of this bond if it paid interest annually? What would be the value of this bond if it paid interest semiannually? a. The value of this bond if it paid interest annually would be $ 676.88 (Round to the nearest cent.) b. The value of this bond if it paid interest semiannually would be $ (Round to the nearest cent.) Enter your answer in the answer box and then click Check Answer All parts showing Clear All Check

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Medical Sciences
1.2K views

summarizes you understanding of the organization of the body from the simplest elements to the More...

Medical Sciences
1.2K views

Which vessels typically carry blood away from the heart? Place in order from superficial to deep...

Psychology
1.2K views

6. What is the Codex Sinaiticus, and why is it significant? Why do you think the...

Biology
1.2K views

The process of using a cleansing technique to mechanically remove and reducemicroorganisms and debris to...

Physics
1.2K views

A staircase consists of five steps each 20 cm high and 20 cm wide If...

Basic Math
1.2K views

Tickets for an Amtrak train cost $22 for children and $42 for adults. Josie paid...

Basic Math
1.2K views

Brad, Lance, Allen, and John are all brothers. They are measuring and comparing their heights....

Statistics
1.2K views

An off capus student wants to know whether it is faster to walk or take...

Accounting
1.2K views

Please answer all parts included in instructions portions as well as journal entrys ...

Accounting
1.2K views

Irvine Publications established the following standard price and costs for a hardcover picture book that...

Accounting
1.2K views

Required information Exercise 6-9 (Algo) Record transactions using a perpetual system (LO6-5) [The following information...

Accounting
1.2K views

Mountain Gear has been using the same machines to make its name-brand clothing for the...