PLEASE PLEASE HELP!! i need help with all pictures ASAP!! thank you in advance!!
Tom Cruise Lines Incorporated issued bonds five years ago at $1,000 per bond. These bonds had a 25 -year life when issued and the annual interest payment was then 15 percent. This return was in line with the required returns by bondholders at that point as described below: Assume that five years later the inflation premium is only 3 percent and is appropriately reflected in the required return (or yield to maturity) of the bonds. The bonds have 20 years remaining until maturity. Compute the new price of the bond. Use ARpendix B and ApRendix D for an approximate answer but calculate your final answer using the formula and financial calculator methods. Note: Do not round intermediate calculations. Round your final answer to 2 decimal places. Assume interest payments are annual. Lance Whittingham IV specializes in buying deep discount bonds. These represent bonds that are trading at well below par value. He has his eye on a bond issued by the Leisure Time Corporation. The $1,000 par value bond pays 7 percent annual interest and has 16 years remaining to maturity. The current yield to maturity on similar bonds is 10 percent. Use ApRendix B and Appendix D for an approximate answer but calculate your final answer using the formula and financial calculator methods. a. What is the current price of the bonds? Note: Do not round intermediate calculations. Round your final answer to 2 decimal places. Assume interest payments are annual. b. By what percent will the price of the bonds increase between now and maturity? Note: Do not round intermediate calculations. Input your answer as a percent rounded to 2 decimal places. Heather Smith is considering a bond investment in Locklear Airlines. The $1,000 par value bonds have a quoted annual interest rate of 11 percent and the interest is paid semiannually. The yield to maturity on the bonds is 14 percent annual interest. There are 9 years to maturity. Compute the price of the bonds based on semiannual analysis. Use ARpendix B and AnRendixP for an approximate answer but calculate your final answer using the formula and financial calculator methods. Note: Do not round intermediate calculations. Round your final answer to 2 decimal places