Answer:
Calculate PV of a 10-year annuity discounted at 6% interest rate; PV = $11,040.13.
Explanation:
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Answer:
$19,708,745
Explanation:
We first have to calculate the present value of the bonds:
Nper = 20 (10 years x 2 payments per year)
R = 11% / 2 = 5.5%
Payment = 83 / 2 = 41.50
Future value = 1,000
PV = ?
To calculate the present value we can use an excel spreadsheet and the present value function =PV(5.5%,20,41.5,1000) = $838.67
Now we calculate how many bonds were issued = $23,500,000 / $1,000 = 23,500 bonds.
To determine the market value of the debt outstanding we multiply the present value of the bonds times the total number of bonds outstanding
= $838.67 x 23,500 = $19,708,745
Answer:
Dividend yield=10.3%
Explanation:
Mv=Do(1+g)/(Ke-g)
MV=?
Do=2.27
g=2.1%
Ke=14.56%
Mv=2.27(1+2.1%)/(14.56%-2.1%)
MV=2.75/(12.46%)
MV=$22.1
Dividend yield=dividend per share/share price per share
Dividend yield=2.27/22.1
Dividend yield=10.3%
