Morin Company's bonds mature in 8 years, have a par value of $1,000, and make an annual coupon interest payment of $65. The market requires an interest rate of 8.2% on these bonds. What is the bond's price?

Q: Endicott Enterprises Inc. has issued 30-year semiannual coupon bonds with a face value of $1,000. If…

A: A financial instrument with a fixed cost that helps a company to raise funds for business operations…

Q: ABC Motors' bonds have 19 years remaining to maturity. Interest is paid semi-annually, they have a…

A: Data given:: Par Value = $1,000 Coupon interest rate = 5% (paid semi-annually) = 5%/2 = 2.5% = 0.025…

Q: Morin Company's bonds mature in 5 years, have a par value of $1000, and make an annual coupon of 8%.…

A: Face Value of Bond =$1000 Annual Coupon Rate = 8% Annual Coupon = $1000*8% = $80 Years(n)= 5…

Q: Mertol Corporation has 7-year, 1000t par value bonds that make semiannual coupon payments. The…

A: Here, Par value of Bond is 1,000 Current Price of Bond is 673.99 YTM is 22.45% Maturity of Bond is 7…

Q: Bonds issued by the Etling Corporation have a price of $790.55 and a coupon rate of 8 percent which…

A: Yield to maturity  Years 14 coupon amount (PMT)  (1000*8%) 80 Face value (FV) 1000 Present…

Q: What's the bond current $price?

A: Bonds Price: The price of the bond is the discounted worth of all the future cash flows generated…

Q: ABX Company has an outstanding issue of $10,000-par value bonds with an 7% coupon interest rate. The…

A: A bond is a financial security that is issued by large business entities to raise debt funds for a…

Q: Showbiz, Inc., has issued eight-year bonds with a coupon of 6.06 percent and semiannual coupon…

A: Market price of the bond is the present value of the future cash flows from the bond at market’s…

Q: Thatcher Corporation’s bonds will mature in 15 years. The bonds have a face value of $1,000 and a 6…

A: Using financial caluclator, N (No. of compounding periods) = 15*2 =30 PV (Price of bond) = -1100 FV…

Q: Potter Industries has a bond issue outstanding with a 6% coupon rate with semiannual payments of…

A: Bond value is the current worth of a bond on the basis of present value of all the cash flows it may…

Q: Renfro Rentals has issued bonds that have a 5% coupon rate, payable annually. The bonds mature in 17…

A: Bonds are the debt obligations of a business on which it requires to pay regular interest to the…

Q: Bernard co. has 7% coupon bonds on the market that have 13 years left to maturity. The bonds will…

A: Current bond price will be equal to present value of Maturity Value and present value of interest…

Q: Thatcher Corporation’s bonds will mature in 10 years. The bonds have a face value of $1,000 and an 8…

A: Price of a bond  = Present value of cash flow that will receive in the future In the given case, The…

Q: Gabriele Enterprises has bonds on the market making annual payments, with eleven years to maturity,…

A: Coupon rate:The coupon rate is the rate of yield provided by the fixed-income securities and it is…

Q: Morin Company's bonds mature in 5 years, have a par value of $1000, and make an annual coupon of 6%.…

A: Using the PV~ FUNCTION IN EXCEL

Q: Heath Foods' bonds have 7 years remaining to maturity. The bonds have a face value of $1,000 and a…

A: Given details are : Face value of bond (PV) = $1000 Time period (n) = 7 years Yield to maturity…

Q: Bernard co. has 10% coupon bonds on the market that have 20 years left to maturity. The bonds will…

A: Any investor will always be willing to pay the present value of all future payments discounted at…

Q: What is the current market price of these bonds?

A: Information provided: Term to maturity: 10years Future value: $1000 Coupon payments: $80 Yield to…

Q: O'Brien Ltd.'s outstanding bonds have a $1,000 par value, and they mature in 25 years. Their nominal…

A: Given the following information: Face value (M): $1,000 Selling price (P): $850 Yield to Maturity:…

Q: Potter Industries has a bond issue outstanding with a 6% coupon rate with semiannual payments of…

A: We require to calculate the value of bond in this question from the following details: Coupon rate =…

Q: The Brownstone Corporation's bonds have 5 years remaining to maturity. Interest is paid annually,…

A: In this question we need to compute the Yield to maturity in both part (A) and part (B) given…

Q: Renfro Corporation’s bonds will mature in 10 years. The bonds have a face value of $1,000 and an 8%…

A: BondIt is the instrument of the indebtedness of an issuer of the bond to the holders of the bond

Q: Wilsons company bonds have 12 years remaining to maturity. Interest is paid annually, the bonds have…

A: Nper = Number of years = 12 PMT = Coupon = 1000*10% = 100 PV = present value = -850 FV = Future…

Q: Carries Clothes, Inc. has a five -year bond outstanding that pays $60 annually. The face value of…

A: Given that;Face value is $1,000Annual coupon payment is $60Current price or present value of the…

Q: Harrimon Industries bonds have 5 years left to maturity. Interest is paid annually, and the bonds…

A: Yield to maturity (YTM) is the rate earned when the bond is held till the end of its term.

Q: Hizzy Corp. bonds bearing a coupon rate of 15%, pay coupons semiannually, have three years remaining…

A: Bond price = $988 Face value = $1000 Coupon rate = 15% Semi annual coupon amount = 1000*0.15/2 = $75…

Q: Crane, Inc., has four-year bonds outstanding that pay a coupon rate of 7.00 percent and make coupon…

A: The calculation of yield to maturity is shown below:

Q: Thatcher Corporation’s bonds will mature in 20 years. The bonds have a face value of $1,000 and an 8…

A: A financial instrument that does not affect the ownership of the common shareholders or management…

Q: Wilson Corporation’s bonds have 15 years remaining to maturity. Interest is paid annually, the bonds…

A: Working note:

Q: Nungesser Corporation has issued bonds that have a 9 percent coupon rate, payable semiannually. The…

A: This question require us to compute the price of the bonds from below given details: Coupon rate =…

Q: A bond matures in 15 years and pays an 8 percent annual coupon. The bond has a face value of $1,000…

A: Current yield = coupon price /current market price Yield on bond is rate we earn if we held the bond…

Q: Jackson Corporation's bonds have 10 years remaining to maturity. Interest is paid annually, the…

A: Bond is a long-term debt instrument which is used by organizations to raise debt from…

Q: Jackson Corporation’s bonds have 10 years remaining to maturity. Interest is paid annually, the…

A: Price of bonds is persent value of all coupons and persent value of face/par value of bond.  Formula…

Q: Bernard co. has 10% coupon bonds on the market that have 15 years left to maturity. The bonds will…

A: Face Value = 1000 Coupon = Coupon Rate * Face Value Coupon = 10% * 1000 Coupon = 100 YTM = 9%

Q: What is the bonds price

A: Bond Price is the price at which a bond is available in the market. It can be said that the value of…

Q: Jackson Corporation’s bonds have 12 years remaining to maturity. Interestis paid annually, the bonds…

A: Computation:

Q: Madsen Motors's bonds have 9 years remaining to maturity. Interest is paid annually, they have a…

A: The market price of the bond will be the present value of the remaining coupons and the face value.

Q: Renfro Rentals has issued bonds that have a 10% coupon rate, payable semiannually. The bonds mature…

A: Bond is a type of debt security which is issued by government or corporates to collect or arrange…

Q: Verbrugge Company has a level-coupon bond outstanding that pays coupon interest of $120 per year and…

A: “Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for…

Q: Madsen Motors’s bonds have 23 years remaining to maturity. Interestis paid annually, they have a…

A: using financial calculator N (no. of years) =23 I/Y (rate)= 11% PMT (coupon payment) = 1000*9% =-90…

Q: Madsen Motors's bonds have 5 years remaining to maturity. Interest is paid annually, they have a…

A: Time Period = % years Coupon Rate = 6% YTM = 7% Par Value = $1,000

Q: Carrie’s Clothes, Inc. has a five-year bond outstanding that pays $60 annually. The face value of…

A: a) Bond's Coupon Rate = Annual Coupon / Face Value

Q: Madsen Motors's bonds have 11 years remaining to maturity. Interest is paid annually, they have a…

A: Face Value = 1,000 Time to maturity = 11 years Coupon = Coupon Rate * Face Value = 10%*1000 = $100…