Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. even though most corporate bonds in the united sta

Even though most corporate bonds in the United States make coupon payments semiannually, bonds issued...

60.1K

Verified Solution

Question

Finance

Even though most corporate bonds in the United States make coupon payments semiannually, bonds issued elsewhere often have annual coupon payments. Suppose a German company issues a bond with a par value of 1,000, 20 years to maturity, and a coupon rate of 7 percent paid annually. If the yield to maturity is 8.1 percent, what is the current price of the bond? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

You write one IBM July 131 call contract for a premium of $7. You hold the...

Finance
Q

Name the valves in the heart. Name all four valves and where blood flows coming into...

Medical Sciences
Q

Biomass can be chemically biofuel or it can be A created B burned C generated...

Biology
Q

Bacteria and Archaea were separated into two different domains due to major differences in their...

Biology
Q

Being able to show that an organization is using an EMR in a way that...

Biology
Q

5 An object of mass m and velocity 3v toward the east has a completely...

Physics
Q

http www mathsisfun com data quincunx html Page 3 In the simulator create a quincunx...

Statistics
Q

13 Two marbles are drawn from a bag containing 11 red 10 white and 9...

Statistics
Q

Given lim f x 7 and lim g x 4 evaluate 8118 lim 2f x...

Calculus
Q

Seth Erkenbeck, a recent college graduate, has just completed the basic format to be used...

Accounting
Q

Childrens hospital predicts variable costs of 70% of total revenue and fixed costs of $42...

Accounting
Q

please help Hevesen Witerhary Hetpital Workshet1 December 3t...

Accounting