What is the present value of a 15 years zero coupon bond with a face value of

Fantastic news! We've Found the answer you've been seeking!

Question:

What is the present value of a 15 years zero coupon bond with a face value of $1000 and the yield to maturity of 6 per cent.

A. $1000

B. $1,200.602

C. $417.265

D. $555.353

Posted Date: Jun 05, 2024 03:04 PM

See More Questions

Evaluate the importance of information systems knowledge amongst senior business managers in achieving successful alignment of business and IS/IT strategies.
Jordan Auto has developed the following production plan for its new auto part. Each unit passes through two departments before completion. The company has developed the following direct labor...
9 . Do you think retinitis pigmentosa has an earlier and more serious effect on rod cells or on cone cells? Explain your answer.
What are the three basic benefits that an organization organization can achieve by successfully using an international strategy?
Maintenance costs at Red Dot Manufacturing over the past six months are listed in the following table. ( Click the icon to view the maintenance costs. ) Using the high - low method, what is the total...
PURPOSE: Understand Markov chains as a means to model/predict probabilistic processes in a simple case. a. Toss a coin 32 times and record the outcome (as a string of H and T). b. Compute the...
2. 1. The following are considered Financial Statements as per the Generally Accepted Accounting Principles (GAAP), except: a.) Profit & Loss Statement b.) Cash Flow Statement c.) Statement of...
In what ways do you feel prepared to use your communication skill after completing the assignment? If you don't feel prepared, share why.
Budgeted Activity Activity Cost Activity Base Casting $238,560 Machine hours Assembly 158,620 Direct labor hours Inspecting 24,090 Number of inspections Setup 52,540 Number of setups 43,200 Number of...
making a difference) and future costs (not sunk costs) that are controllable (not uncontrollable) by management.
(Activity-based costing) Eloquence Publishing is concerned about the prof itability of its paperback dictionaries. Company managers are considering producing only the top-quality, hand-sewn...
(Product profitability) Moldthan Systems manufactures lawn mowers and gar den tractors. Lawn mowers are relatively simple to produce and are made in large quantities. Garden tractors are customized...
(( ontrolling overhead) Flagship Company is in the process of analyzing and updating its cost information and pricing practices. Since the companys product line changed from general paints to...

What is the present value of a 15 years zero coupon bond with a face value of

Question:

Expert Answer:

Students also viewed these finance questions