Question
Palmer Products has an outstanding bonds with an annual 8 percent coupon. The bonds have a per value of $1000 and a price of $865.
Palmer Products has an outstanding bonds with an annual 8 percent coupon. The bonds have a per value of $1000 and a price of $865. The bonds will mature in 11 years. What is the maturity on the bonds?
Gertrude Carter and Co. has an outstanding loan that calls for equal annual payments over the 10 year life of the loan. The original loan amount was $100,000.00 at a interest rate of 6 percent. How much of the third payment is principal?
Malko Enterprises bonds currently sell for $940. They have a 6 year maturity, an annual coupon of $75.00, and a par value of $1000.00. What is the current yield?
Lance's Inc., free cash flow was just 1.00 million. If the expected long-run growth rate for this companies 5.4%, if the weighted average cost of capital is 11.4%, Lance has 4 million in short-term investments and $3 million in debt, and 1 million shares outstanding, what is the intrinsic stock price?
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