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Category > Business & Finance Posted 20 May 2017 My Price 8.00

• Creative Financing, Inc., is planning

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Creative Financing, Inc., is planning to offer a $1,000 par value 15-year maturity bond with a coupon interest rate that changes every 5 years. The coupon rate for the first 5 years is 10 percent, 10.75 percent for the next 5 years, and 11.5 percent for the final 5 years. If you require an 11 percent rate of return on a bond of this quality and maturity, what is the maximum price you would pay for the bond? (Assume interest is paid annually at the end of each year.)

 

 

INTERMEDIATE **5. Adams Food Service has issued 7⅜ percent bonds that mature on July 15, 2042. The bonds are callable at $1,037.08 on July 15, 2017. Assume that interest is paid and compounded  annually.  Determine  the  yield  to  maturity  (to  the  nearest  10th  of 1 percent) if an investor purchased a $1,000 denomination bond for $900 on July 15, 2010

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Status NEW Posted 20 May 2017 09:05 AM My Price 8.00

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