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dedylja [7]
3 years ago
14

Union Local School District has bonds outstanding with a coupon rate of 3.4 percent paid semiannually and 19 years to maturity.

The yield to maturity on these bonds is 3.6 percent and the bonds have a par value of $5,000. What is the price of the bonds? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Price $

Business
1 answer:
Talja [164]3 years ago
8 0

Answer:

PV = $4,863.24

Explanation:

Computation of the given data are as follows:

Face value = $5,000

YTM = 3.6%

YTM (Semiannual) (Rate) = 3.6% ÷ 2 = 1.8%

Coupon rate = 3.4%

Coupon rate semiannual = 3.4% ÷ 2 = 1.7%

Coupon payment ( Pmt) = 1.7% × $5,000 = $85

Time period (semiannual) (Nper) = 19 × 2 = 38

By putting the value in the financial calculator, we will get the present value.

Attachment is attached below.

PV = $4,863.24

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$0

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Which statement on MRP explosion is BEST? Group of answer choices It calculates the total number of subassemblies, components, a
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Answer:

It calculates the total number of subassemblies, components, and raw materials needed for each parent item.

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7 0
3 years ago
Pei's savings account balance is $12,000 today. Pei opened the account exactly 7 years ago with a $10,000 deposit. Pei has made
koban [17]

Answer:

2.64%

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5 0
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WINSTONCH [101]

Answer:

Hypertext

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If you have any more questions feel free to ask away at Brainly.

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