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( Related to Checkpoint 9 . 1 ) ( Floating - rate loans ) The Bensington Glass Company entered into a loan agreement with the

(Related to Checkpoint 9.1)(Floating-rate loans) The Bensington Glass Company entered into a loan agreement with the firm's bank to finance the firm's
working capital. The loan called for a floating rate that was 28 basis points (0.28 percent) over an index based on LIBOR. In addition, the loan adjusted weekly
based on the closing value of the index for the previous week and had a maximum annual rate of 2.19 percent and a minimum of 1.73 percent. Calculate the rate of
interest for weeks 2 through 10.
The rate of interest for week 2 is
%.(Round to two decimal places.)
(Related to Checkpoint 9.3)(Bond valuation) Calculate the value of a bond that matures in 17 years and has a $1,000 par value. The annual coupon interest rate
is 15 percent and the market's required yield to maturity on a comparable-risk bond is 9 percent.
The value of the bond is $
(Round to the nearest cent.)
(Related to Checkpoint 9.4)(Bond valuation) A bond that matures in 20 years has a $1,000 par value. The annual coupon interest rate is 12 percent and
the market's required yield to maturity on a comparable-risk bond is 14 percent. What would be the value of this bond if it paid interest annually? What would be the
value of this bond if it paid interest semiannually?
a. The value of this bond if it paid interest annually would be $.(Round to the nearest cent.)
(Related to Checkpoint 9.3)(Bond valuation) Pybus, Inc. is considering issuing bonds that will mature in 24 years with an annual coupon rate of 11 percent. Their
par value will be $1,000, and the interest will be paid semiannually. Pybus is hoping to get a AA rating on its bonds and, if it does, the yield to maturity on similar AA
bonds is 7.5 percent. However, Pybus is not sure whether the new bonds will receive a AA rating. If they receive an A rating, the yield to maturity on similar A bonds is
8.5 percent. What will be the price of these bonds if they receive either an A or a AA rating?
a. The price of the Pybus bonds if they receive a AA rating will be $
(Round to the nearest cent.)
(Related to Checkpoint 9.2)(Yield to maturity) The market price is $750 for a 9-year bond ( $1,000 par value) that pays 12 percent annual interest, but makes
interest payments on a semiannual basis (6 percent semiannually). What is the bond's yield to maturity?
The bond's yield to maturity is
%.(Round to two decimal places.)
These are sepreate questions that I need help with please, thank you!

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