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erastova [34]
3 years ago
15

Workman Software has 6.4 percent coupon bonds on the market with 18 years to maturity. The bonds make semiannual payments and cu

rrently sell for 94.31 percent of par. a. What is the current yield on the bonds?
Business
1 answer:
Marizza181 [45]3 years ago
4 0

Answer:

Coupon (R) = 6.4% x $1,000 = $64

Semi-annual coupon = R/2 = $64/2 = $32

Current market price (Po) = 94.31% x $1,000 = $943.10                                              

Current yield = <u>R</u>

                         Po

                      = <u>$32</u>

                         $943.10

                      =  0.0339 = 3.39%                                                                                                                                                                                                          

Explanation:

The current yield on the bond is a function of coupon divided by the current market price. The coupon will be divided by 2 since the coupon is paid semi-annually.

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When a firm believes that the social and economic validation for its existence is obtained from achieving their organizational o
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Answer:

The correct word that fills the gap is: sales.

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4 0
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Grouper Inc. is involved in a lawsuit at December 31, 2020. Prepare the December 31 entry assuming it is probable that Grouper w
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Answer:

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