Nesmith Corporation's outstanding bonds have a $1,000 par value, an 8% semiannual coupon, 19 years to maturity, and a 10% YTM. What is the bond's price? Round your answer to the nearest cent.

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Q: Marshall Company is issuing eight-year bonds with a coupon rate of 6.19 percent and semiannual…

A: In this question we need to calculate Bond price and how many bonds does the firm have to sell?

Q: Nesmith Corporation's outstanding bonds have a $1,000 par value, a 12% semiannual coupon, 12 years…

A: “Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: Nesmith Corporation's outstanding bonds have a $1,000 par value, a 10% semiannual coupon, 19 years…

A: Semiannual interest = Par value * Rate * Time Semiannual interest = $1,000 * 0.10 * 6/12 Semiannual…

Q: Rhiannon Corporation has bonds on the market with 20.5 years to maturity, a YTM of 8.1 percent, a…

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Q: Nesmith Corporation's outstanding bonds have a $1,000 par value, a 6% semiannual coupon, 19 years to…

A: The term bonds refer to the debt instruments that are issued with a motive to raise debt from the…

Q: Nesmith Corporation's outstanding bonds have a $1,000 par value, an 10% semiannual coupon, 20 years…

A: Yield to maturity (20*2) 40 coupon amount (PMT) = 10%*1000/2 50 Face value (FV) 1000 Yield…

Q: Nesmith Corporation's outstanding bonds have a $1,000 par value, a 6% semiannual coupon, 13 years to…

A: In the given question we require to calculate the bond's price from following details: Par value of…

Q: The 14 year, $1,000 par value bonds of Waco industries pay 11 percent interest annually, the market…

A: Hi there, Thanks for posting the questions. As per our Q&A guidelines, the solution for first…

Q: Aloha, Inc., has 7 percent coupon bonds on the market that have 12 years left to maturity. If the…

A: Bonds are a type of long-term debt usually issued by governments and corporations to raise money.

Q: Wesimann Co. issued 10-year bonds a year ago at a coupon rate of 8.8 percent. The bonds make…

A: Given: Compounding is semi annual Years =10 Coupon rate = 8.8% Par value = $1,000 YTM = 7.1%

Q: Draiman Corp has bonds on the market with 14.5 years to maturity, a YTM of 5.3%, a par value of…

A: Years to maturity = 14.5 Years Number of semi annual payments (n) = 14.5*2 = 29 YTM = 5.3% Semi…

Q: The zero-coupon bonds of D&L Movers have a market price of $320, a face value of $1,000, and a yield…

A: Note: Since nothing is mentioned that whether the interest rate is compounded annually or…

Q: Doisneau 24-year bonds have an annual coupon interest of 7 percent, make interest payments on a…

A: N = 48 semi annual periods (24 years) Par Value = 1000 Semi Annual Coupons Coupon = Coupon Rate/2 *…

Q: Sentry Corp. bonds have an annual coupon payment of 7.69%. The bonds have a par value of $1,000, a…

A: Annual coupon will be $1000 * 7.69% = $76.9 YTM using rate function in excel

Q: Ashes Divide Corporation has bonds on the market with 14.5 years to maturity, a YTM of 6.8 percent,…

A: Bonds are debt instruments carrying fixed interest payments and a predefined redemption value. Bonds…

Q: Bulldogs Inc. has Dog bonds outstanding with P1,500 face value and 8 years is remaining before its…

A: Given: Particulars Amount Face value(FV) 1500 Years 8 Current price 1750 Coupon rate 10%…

Q: A 6 percent corporate coupon bond is callable in five years for a call premium of one year of coupon…

A: Bonds are the fixed interest bearing securities that are issued by the companies.

Q: Miles Corporation's bonds have a 15-year maturity, an 8% semi-annual coupon, and a par value of…

A: The bond's price is present value of future coupons and par value receivable at maturity. bond pays…

Q: Nesmith Corporation's outstanding bonds have a $1,000 par value, a 7% semiannual coupon, 7 years to…

A: Given Information Par Value of Bonds =$1,000 Semi-annual Coupon rate =7% Years to maturity= 7 YTM=9%

Q: Comet Chasers has a bond outstanding that sells for $1,052 and matures in 22 years. The bond pays…

A: Excel Spreadsheet:

Q: Auto Industrial Corporation issues zero coupon bonds at a price of $378 per bond and the face value…

A: FORMULA YTC = (CP/PP)1/T-1 Where YTC - Yield to call CP - Call price i.e. $1050 PP - Purchase price…

Q: Miller Corporation has a premium bond making semiannual payments. The bond pays a 9 percent coupon,…

A: Price of bond is persent value of all cash flow/coupons and persent value of face value at maturity.…

Q: Showbiz, Inc., has issued eight-year bonds with a coupon of 6.73 percent and semiannual coupon…

A: given, n=8 coupon rate = 6.73% semi annual coupon r=7.51% par = 1000 m=2

Q: The Sky is the Limit, Inc., has a bond outstanding with a coupon rate of 6.2 percent and semiannual…

A: PERIOD (22*2) 44 COUPON RATE (6.20%/2) 3.10% PMT (COUPON AMOUNT) $31.00 PRESENT VALUE…

Q: Cassidy Industries' circulating bonds have a face value of $800, a semiannual coupon of 8%, 12 years…

A: Face value of bond = $ 800 Coupon rate = 8% Semi annual coupon amount = 800*0.08/2 = $ 32 Years to…

Q: Ashes Divide Corporation has bonds on the market with 14.5 years to maturity, a YTM of 6.8 percent,…

A: Price= $924 YTM= 6.8% Time= 14.5 years Face value= $1000 (normally all bonds have the face value of…

Q: ABC Company is issuing an issue of bonds with a 10-year m aturity, a RM1,000 par value, a 12 percent…

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

Q: Wisteria Company has some $1,000 par value bonds outstanding which pay a 14 percent annual coupon…

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

Q: Crossfade Corp. has a bond with a par value of $2,000 that sells for $1,884.02. The bond has a…

A: Bonds are the securities issued by the company in order to raise money. These are eligible for the…

Q: Bartlett Co. wants to issue sixty 20-year, $1,000 par value, zero-coupon bonds. If each bond is…

A: Par value = FV = $1000 Years to maturity = n = 20 years Yield  rate = r = 7% Number of bonds = N =…

Q: Nesmith Corporation's outstanding bonds have a $1,000 par value, a 7% semiannual coupon, 9 years to…

A: A bond seems to be a formal agreement or commitment between being an issuer as well as a holder that…

Q: Five years ago, Jolly company sold at par a $1,000 bond with a coupon rate of 8 percent and 20 years…

A: Using excel PV function

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

A: Bonds are a form of debt or loan taken by the company, on which company has to make regular interest…

Q: Nesmith Corporation's outstanding bonds have a $1,000 par value, a 11% semiannual coupon, 6 years to…

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

Q: Moerdyk Corporation's bonds have a 9-year maturity, a 7.75% semiannual coupon, and a par value of…

A: The price of a bond can be calculated using the PV function in excel. We have to select the inputs…

Q: Nungesser Corporation's outstanding bonds have a $1,000 par value, a 7% semiannual coupon, 19 years…

A: We need to calculate the price of the bond using following details: Par Value of Bond = $1000 Coupon…

Q: Morin Company's bonds mature in 3 years, have a par value of $1000, and make a semiannual coupon of…

A: given, n= 3 par = 1000 coupon rate = 7% market interest rate = 4.25%

Q: dufner Corp. issued 14-year bonds one years ago at a coupon rate of 7.9 percent. The bonds make…

A: Bonds are units of corporate securities that are securitized as tradeable assets and issued by…

Q: Nesmith Corporation's outstanding bonds have a $1,000 par value, a 7% semiannual coupon, 19 years to…

A: Bond price is the current value of the future payments at a given rate of interest. Future payments…

Q: Nesmith Corporation's outstanding bonds have a $1,000 par value, a 6% semiannual coupon, 11 years to…

A: Par value (F) = $ 1000 Coupon rate = 6% Semi annual coupon amount (C) = 1000*0.06/2 = $ 30 Years to…

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: Nesmith Corporation's outstanding bonds have a $1,000 par value, a 10% semiannual coupon, 19 years…

A: Information given in the question is as follows: Par Value = $1000 Coupon Rate = 10% Coupon…

Q: Doisneau20​-year bonds have an annual coupon interest of8 percent, make interest payments on a…

A: The bond valuation refers to determining the bond's current price, Yield To Maturity, Current yield,…

Q: Nesmith Corporation's outstanding bonds have a $1,000 par value, a 11% semiannual coupon, 20 years…

A: Computation of bond price: Hence, the bond price is $1,041.47.

Q: If interest rates remain unchanged, what do you expect the price of these bonds to be (a) 1 year…

A: Bond valuation refers to a method which is used to compute the current value or present value (PV)…

Q: The duration of these bonds is 8.1702 years. What are the predicted bond prices in each of the four…

A: Information Provided: Term = 15 years Coupon rate = 10.5% Price = $1000 Duration = 8.1702…

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

A: Bond generated by present discounted value of future amount is called Bond price.

Q: Nesmith corporation's outstanding bonds have a $1000 par value, and 8% semiannual coupon, 14 years…

A: Bond price is equal to present value of the future coupon payment and present value of the par value…

Q: Nesmith Corporation’s outstanding bonds have a $1,000 par value, an8% semiannual coupon, 14 years to…

A: Bonds are instruments used by organizations to get debt funds from public. Bonds pay regular coupons…