Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. you have just been offered a bond for $865.80. the

You have just been offered a bond for $865.80. The coupon rate is 6 percent...

70.2K

Verified Solution

Question

Accounting

You have just been offered a bond for $865.80. The coupon rate is 6 percent payable annually, and the yield to maturity on new issues with the same degree of risk are 8 percent. You want to know how many more interest payments you will receive, but the party selling the bond cannot remember. If the par value is $1,000, how many interest payments remain? (Do not round intermediate calculations. Round your answer to the nearest whole number.)

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: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

From the And The Band Played On Movie: How important is communication between researchers in the...

Biology
Q

Scenario: DW is a 65-year-old, 135 kg male who visited his primary care physician for a...

Medical Sciences
Q

Glycolysis 1)describe the Schiff-base role in aldolase 2)Describe the role of the thioester intermediate in G3P dehydrogenase 3) Describe...

Chemistry
Q

Quest is the conversion of water vapor into ice without a liquid phase O Liquefaction...

Biology
Q

9 59 Locate the centroid 7 y of the composite area

Geometry
Q

Find the area of the geometric figure CELEB NI B

Basic Math
Q

The function r(t) = 1,000 ?cos(?t/2) gives the rate of change in the deer population...

Basic Math
Q

f x 4x f x 4x limf x h f x Find also the equation...

Calculus
Q

Which of the following statements about the inventory cost flow assumptions...

Accounting
Q

Cruestion 9 of 20 View Polities Current Altempt in Prokess Nticionairisination? Cruestion 9 of 20...

Accounting
Q

Kincaid Company's Retained Earnings balance on January 1 was $5,000. During the current year, Kincaid...

Accounting
Q

Chang Company has a December 31 year end. In year 7 it bought a piece...

Accounting