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An XYZ April 2024 bond with a 8.95 percent coupon interest rate and a par value of $1,000 recently had a price of 82.745. Calculate
An XYZ April 2024 bond with a 8.95 percent coupon interest rate and a par value of $1,000 recently had a price of 82.745. Calculate the following: a. When will the bond mature? b. How much would you have to pay to purchase this bond? c. If you owned the bond, how much would someone have to pay to but it from you? d. What is the current yield, assuming a closing price of 82.62? a. The bond will mature in the year (Type a whole number.) b. To purchase this bond, you would have to pay $. (Round to the nearest cent.) c. If you owned the bond, the amount someone would have to pay to buy it from you is: (Select the best answer below.) O A. $1,000, the par value of the bond. B. based on the ask price of the bond. Since the ask price is unknown the exacr dollar amount cannot be calculated. C. $827.45, the same amount you would have to pay to purchase the bond. D. based on the bid price of the bond. Since the bid price is unknown the exact dollar amount cannot be calculated. d. The current yield is %. (Round to two decimal places.) An XYZ April 2024 bond with a 8.95 percent coupon interest rate and a par value of $1,000 recently had a price of 82.745. Calculate the following: a. When will the bond mature? b. How much would you have to pay to purchase this bond? c. If you owned the bond, how much would someone have to pay to but it from you? d. What is the current yield, assuming a closing price of 82.62? a. The bond will mature in the year (Type a whole number.) b. To purchase this bond, you would have to pay $. (Round to the nearest cent.) c. If you owned the bond, the amount someone would have to pay to buy it from you is: (Select the best answer below.) O A. $1,000, the par value of the bond. B. based on the ask price of the bond. Since the ask price is unknown the exacr dollar amount cannot be calculated. C. $827.45, the same amount you would have to pay to purchase the bond. D. based on the bid price of the bond. Since the bid price is unknown the exact dollar amount cannot be calculated. d. The current yield is %. (Round to two decimal places.)
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