Alpha Geek

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    Polytechnic State University Sanluis
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Category > Accounting Posted 09 Jun 2017 My Price 3.00

Essex Biochemical Co has a $1000 par value bond outstanding that pays 10% annual interest.

Essex Biochemical Co has a $1000 par value bond outstanding that pays 10% annual interest.

The current yield to maturity on such bonds in the market is 7%.
Compute the price of bonds for these maturity dates:
A. 30 yrs
B. 15 yrs.
C. 1 year.
 

 

 

Answers

Alpha Geek
(8)
Status NEW Posted 09 Jun 2017 08:06 AM My Price 3.00

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file 1496997358-Answer.docx preview (65 words )
E-----------sse-----------x B-----------ioc-----------hem-----------ica-----------l C-----------o h-----------as -----------a $-----------100-----------0 p-----------ar -----------val-----------ue -----------bon-----------d o-----------uts-----------tan-----------din-----------g t-----------hat----------- pa-----------ys -----------10%----------- an-----------nua-----------l i-----------nte-----------res-----------t.T-----------he -----------cur-----------ren-----------t y-----------iel-----------d t-----------o m-----------atu-----------rit-----------y o-----------n s-----------uch----------- bo-----------nds----------- in----------- th-----------e m-----------ark-----------et -----------is -----------7%.-----------Com-----------put-----------e t-----------he -----------pri-----------ce -----------of -----------bon-----------ds -----------for----------- th-----------ese----------- ma-----------tur-----------ity----------- da-----------tes-----------:A.----------- 30----------- yr-----------sB.----------- 15----------- yr-----------s.C-----------. 1----------- ye-----------ar.----------- A-----------nsw-----------er ----------- FV----------- = -----------100-----------0 P-----------MT -----------= 0-----------.1*-----------100-----------0 =----------- 10-----------0 R----------- = -----------0.0-----------7 ----------- a.----------- N -----------= 3-----------0 y-----------ear-----------s U-----------sin-----------g e-----------xce-----------l f-----------unc-----------tio-----------n, -----------PV -----------= P-----------V(R-----------,N,-----------PMT-----------,FV-----------) P-----------V(0-----------.07-----------,30-----------,-1-----------00,------------10-----------00)----------- = -----------137-----------2 -----------
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