A $50 000, 11% bond with semi-annual coupons redeemable at par on April 15, 2022, was purchased

Question:

A $50 000, 11% bond with semi-annual coupons redeemable at par on April 15, 2022, was purchased on June 25, 2015, at 92.375. What was the approximate yield rate?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Contemporary Business Mathematics with Canadian Applications

ISBN: 978-0133052312

10th edition

Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs

See More Books

Question Posted: Feb 26, 2016 04:14 AM

See More Questions

A $5000, 14.5% bond with semi-annual coupons redeemable at par on August 1, 2026, was purchased on March 5, 2015, at 95.5. What was the approximate yield rate?
A $25 000, 9.5% bond with semi-annual coupons redeemable at par is bought 16 years before maturity at 78.25. What was the approximate yield rate?
A $1000, 5% bond with semi-annual coupons redeemable at par on September 1, 2019, is bought on March 1, 2016, to yield 4% compounded semi-annually. For the bonds, compute the premium or discount and...
What is meant by date alignment? Does it exist on the consolidated worksheet under the following methods, and if not, how is it created prior to elimination of the investment account under each of...
Suppose you are conducting a test of independence. Specify the critical value under the following scenarios: a. r = 5, c = 2, and = 0.025 . b. r = 3, c = 5, and = 0.01 .
On May 16, 2019, Safeway Company received a 90-day, 8 percent, $10,500 interest-bearing note from Black Company in settlement of Blacks past-due account. On June 30, Safeway discounted this note at...
5.79 6
Scheduled payments of $800 due two months ago and $1200 due in one month are to be repaid by a payment of $1000 today and the balance in three months. What is the amount of the final payment if...
How much money are you willing to spend now if you don't want to spend $5489000 within seven years, if the interest rate per year is 4.5% a year? a) Determine the cash flow diagram b)Indicate your...
How much storage space does your music use? Here is a dotplot of the file sizes (to the nearest tenth of a megabyte) for 18 randomly selected files on Nathaniels mp3 player: a. The distribution of...
A $1000 bond bearing interest at 8% payable semi-annually redeemable at par on February 1, 2020, was purchased on October 12, 2013, to yield 7% compounded semi-annually. Determine the purchase price.
A $1000, 8.5% bond with interest payable annually is purchased six years before maturity to yield 10.5% compounded annually. Compute the premium or discount and the purchase price, and construct the...
When a person begins to spend his or her accumulated wealth, this is known as the distribution phase. True or false?
2 4 . In the current year, Madison sold Section 1 2 4 5 property for $ 6 , 0 0 0 . The property cost $ 2 6 , 0 0 0 when it was purchased 5 years ago. The depreciation claimed on the property was $ 2...
Swifty Company purchased machinery on January 1, 2025, for $82,400. The machinery is estimated to have a salvage value of $8,240 after a useful life of 8 years. (a) Your answer is incorrect. Compute...
Currently, the unit selling price is $ 5 0 , the variable cost is $ 3 4 , and the total fixed costs are $ 1 0 8 , 0 0 0 . a . Compute the current break - even sales in units.
(1) The Mean Value Theorem states: Let f be continuous over the closed [a, b] and differentiable over the open interval (a, b). Then, there exists at least one point c E (a, b) such that: f(b) - f(a)...
Assume you are an Israeli investor; the symbol for the Israeli currency, the shekel, is ILS. You see that stock for Top Image has a bid price of ILS 17 and an ask price of ILS 19 in Israel, a bid...
Graph the cumulative relative frequency. Use the following information to answer question. Suppose Weight Watchers has collected the following weight loss data, in pounds, for 30 of its clients. 15,...
A routine activity such as pumping gasoline can be related to many of the concepts studied in this text. Suppose that premium unleaded costs $3.75 per gal. Work Exercises in order. Use the...
(LO 1-2) Match the components of Blooms Taxonomy and report who has the advantage (Human or Machine) to each accounting task. Accounting Task Judging the value of information or ideas. Recognizing...
In a study on the speed of muscle contraction in frogs under various loads, researchers found that the speed of contraction decreases with increasing loads. More precisely, they found that the...
In Problem 11 - 16, find the absolute maximum and absolute minimum of each function on the give interval. 12. f (x) = 3x + 20, on = [2,6] 14. f (x) = ln x, on = [1, 2] 16. f (x) = x2 6x + 7, on =...
In Problem 17 to 32, find the absolute maximum and minimum, if either exists, for each function. 18. f(x) = x2 + 4x - 3 20. f(x) = -x2 + 2x + 4 22. f(x) = -x3 - 2x 24. f(x) = x4 - 4x3 26. f(x) = x +...
An estimated 84 percent of enterprises now use cloud computing solutions involving multiple clouds, whereas less than 10 percent of large organizations employ just a single public cloud. Group of...
XYZ inc. was involved in a tax dispute with the national tax authority. The companys legal counsel estimates that there is a 75% likelihood that the company will lose the dispute and that the amount...
3 . Accounting.. How does depreciation impact financial statements, and what are the different methods of depreciation?

A $50 000, 11% bond with semi-annual coupons redeemable at par on April 15, 2022, was purchased

Question:

Step by Step Answer:

Quoted price 50 00000092375 46 18750 Principal 50 00000 Av...View the full answer

Contemporary Business Mathematics with Canadian Applications

Students also viewed these Finance questions