1) What is the current yield Of a bond whose face value is 33,200 and pays yearly interest at of 13.7% if purchased at 36,700) A) 12% B) 12.4% C) 12.7% D) 12.3%
1) What is the current yield Of a bond whose face value is 33,200 and pays yearly interest at of 13.7% if purchased at 36,700) A) 12% B) 12.4% C) 12.7% D) 12.3%
Chapter4: Income Exclusions
Section: Chapter Questions
Problem 87TPC
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1) What is the current yield Of a bond whose face value is 33,200 and pays yearly interest at of 13.7% if purchased at 36,700)
A) 12%
B) 12.4%
C) 12.7%
D) 12.3%
2) millet wants to provide a ₱200,000 graduation gift for her daughter mae who is now 16 years old. she would like the fund to be available by the time her daughter is 20. she decides on an investment that pays 10% compounded quarterly. how large must the deposit be?
A) Millet must deposit at least 137,000
B) Millet must deposit at least 138,000
C) Millet must deposit at least 135,000
D) Millet must deposit at least 136,000
3) What will be the maturity value of 12,000 invested for four (4) yearsat 15% compounded quarterly?
A) Approximately 22,000 after four years
B) Approximately 21,400 after four years
C) Approximately 21,600 after four years
D) Approximately 21,800 after four years
4) What is the maturity value of 3,000 invested at 9.5% compounded semi annually for 3.5 years?
A) Approximately 4,400 after three and a half years
B) Approximately 4,600 after three and a half years
C) Approximately 4,000 after three and a half years
D) Approximately 4,200 after three and a half years
5) A 75,000, at 11% bond pays coupon semi annually redeemable at 90,000 on January 13,2017, is bought on January 12 2011 to earn interest 13% compounded semi annually. What is its purchasing price?
A) 75,910 in estimated value
B) 75,930 in estimated value
C) 75,900 in estimated value
D) 75,920 in estimated value
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