The bonds of Sail Fish Corporation's make semi-annual payments of $40 and mature in 4 years. They have a par value of $1,000, and investors require a yield to maturity of 8%. What is the current price of the Bonds?
The bonds of Sail Fish Corporation's make semi-annual payments of $40 and mature in 4 years. They have a par value of $1,000, and investors require a yield to maturity of 8%. What is the current price of the Bonds?
Chapter6: Fixed-income Securities: Characteristics And Valuation
Section: Chapter Questions
Problem 15P
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The bonds of Sail Fish Corporation's make semi-annual payments of $40 and mature in 4 years. They have a par value of $1,000, and investors require a yield to maturity of 8%. What is the current price of the Bonds?
Sail Fish Corporation's zero coupon bonds have a par value of $1,000 and mature in 16 years. If investors require a yield to maturity of 4.56%, How much should these bonds sell for?
Stingray Corp has a bond issue outstanding that pays an 8.5 percent coupon and matures in 18.5 years. The bonds have a par value of $1,000 and a market price of $946.20. Interest is paid semiannually. What is the yield to maturity?
Consolidated Industries 7% bonds pay interest semiannually. The bonds sell for $899 and have a par value of $1,000. If these bonds mature in 41 years, what is is the current yield on this bond?
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