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The Pioneer Petroleum Corporation has a bond outstanding with an $60 annual interest payment, a...

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Accounting

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The Pioneer Petroleum Corporation has a bond outstanding with an $60 annual interest payment, a market price of $840, and a maturity date in five years. Assume the pat value of the bond is $1000 Find the following: (Use the approximation formula to compute the approximate yield to maturity and use the calculator method to compute the exact yield to maturity. Do not round intermediate calculations. Input your answers as a percent rounded to 2 decimal places.) a. Coupon rato b. Current yield c-1. Approximate viold to maturity c-2. Exact yield to maturity % % Cox Media Corporation pays an 8 percent coupon rate on debentures that are due in 15 years. The current yield to maturity on bonds of similar risk is 6 percent. The bonds are currently callable at $1,080. The theoretical value of the bonds will be equal to the present value of the expected cash flow from the bonds. Use Arnedix.B and Appendix D for an approximate answer but calculate your final answer using the formula and financial calculator methods. o. Find the market value of the bonds using semiannual analysk. (Ignore the call price in your answer. Do not round intermediate calculations and round your answer to 2 decimal places.) Pnce of the band

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