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How do I get 13.86? Morgan would like to purchase a bond that has a par value of $1,000, pays $80 at the end of

image text in transcribedHow do I get 13.86?
Morgan would like to purchase a bond that has a par value of $1,000, pays $80 at the end of each year in coupon payments, and has 10 years remaining until maturity. If the prevailing annualized yield on other bonds with similar characteristics is 6 percent, how much will Morgan pay for the bond? $1,000.00 $1, 147.20 $856.80 none of the above DIF: Challenging OBJ: FMAI.MADU.15.08.01 NAT: BUSPROG.FMAI.MADU.15.03 STA: DISC.FMAI.MADU.15.01 KEY: Bloom's: Application Sioux Financial Corp. Has forecasted its bond portfolio value for one year ahead to be $105 million. In one year, it expects to receive $10,000,000 in coupon payments. The bond portfolio today is worth $101 million. What is the forecasted return of this bond portfolio? 10percent8.82percent4.32 percent13.86percentnoneoftheabove DIF:ChallengingOBJ: FMAI.MADU.15.08.ANAT:BUSPROG.FMAI.MADU.15.03 STA:DISC.FMA1.MADU.15.01KEY:Bloom's:Application HurricaneCorp.recentlypurchasedcorporatebondsin thesecondarymarketwithaparvaluemillion, acoupon rateof12percent(withannualcouponpayments), and fouryearsuntilmat

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