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202: MT-15 - MISC E P6 On December 31, 20x9, Gable Corporation reported outstanding, convertible bonds. (1 pt) On January 1, 2010 bondholders presented the
202: MT-15 - MISC | E | ||||||||
P6 | On December 31, 20x9, Gable Corporation reported outstanding, convertible bonds. | (1 pt) | |||||||
On January 1, 2010 bondholders presented the following amount for conversion: | |||||||||
AMOUNT PRESENTED $ | $ 400,000 | Each $1,000 bond is convertible into: | |||||||
TOT O/S $ | $ 600,000 | # SH | 25 | ||||||
TOT UNAMORT DISC $ | $ 48,000 | PV | 30 | ||||||
3 PERIODS | 6 PERIODS | ||||||||
PV, $1 | PV, ANN | PV, $1 | PV, ANN | ||||||
4% | 0.88900 | 2.77509 | 4% | 0.79031 | 5.24214 | ||||
5% | 0.86384 | 2.72325 | 5% | 0.74622 | 5.07569 | ||||
6% | 0.83962 | 2.67301 | 6% | 0.70496 | 4.91732 | ||||
8% | 0.79383 | 2.5771 | 8% | 0.63017 | 4.62288 | ||||
9% | 0.77218 | 2.5313 | 9% | 0.59627 | 4.48592 | ||||
10% | 0.75132 | 2.48685 | 10% | 0.56447 | 4.35526 | ||||
11% | 0.73119 | 2.44371 | 11% | 0.53464 | 4.23054 | ||||
12% | 0.71178 | 2.40183 | 12% | 0.50663 | 4.11141 | ||||
15% | 0.65752 | 2.28323 | 15% | 0.43233 | 3.78448 | ||||
P7 | Find the PV of a B/P paid semi-anually. The B/P matures in 3 years. | (1 pt) | |||||||
FACE $ | 500,000 | FACE % | 12% | MKT % | 10% | ||||
P8 | Find the PV of a B/P paid semi-anually. The B/P matures in 3 years. | (1 pt) | |||||||
FACE $ | 800,000 | FACE % | 8% | MKT % | 12% | ||||
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