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Here is information about four bonds. In the spaces provide, for each bond, compute: 1) the amount of the stated coupon payment cash flow; 2)
Here is information about four bonds. In the spaces provide, for each bond, compute: 1) the amount of the stated coupon payment cash flow; 2) the amount of the bond proceeds that would be received upon the issuance of each bond; and, 3) the resulting bond price quotation. | ||||||
Bond | Bond | Bond | Bond | |||
Face Value | $ 21,750,000 | $ 18,000,000 | $ 27,500,000 | $ 30,000,000 | ||
Stated Coupon Interest Rate | 7.65% | 6.25% | 8.30% | 9.20% | ||
Market Yield Rate | 7.50% | 6.34% | 8.35% | 8.95% | ||
Term in Years | 25 | 15 | 5 | 20 | ||
Interest Paid | Semi-Annually | Annually | Semi-Annually | Quarterly | ||
Stated Coupon Payment | ||||||
Bond Proceeds at Issuance | ||||||
Bond Price Quotation | ||||||
Points Earned (2 points per box) | - | |||||
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