Alpha Geek

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    Polytechnic State University Sanluis
    Jan-2006 - Nov-2010

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    Polytechnic State University
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Category > Business & Finance Posted 06 Aug 2017 My Price 7.00

The yield to maturity for 15-year bonds is as follows for four different bond rating categories

The yield to maturity for 15-year bonds is as follows for four different bond rating categories. Use Appendix B and Appendix D for an approximate answer but calculate your final answer using the formula and financial calculator methods.
   
  Aaa 9.80%
  Aa1 10.00%
  Aa2 11.00%
  Aa3 11.80%
 

The bonds of Falter Corporation were rated as Aaa and issued at par a few weeks ago. The bonds have just received a new rating of Aa1. Determine the new price of the bonds, assuming a 15-year maturity and semiannual interest payments. (Do not round intermediate calculations and round your answer to 2 decimal places.)

What is the price of the bonds?

Answers

Alpha Geek
(8)
Status NEW Posted 06 Aug 2017 12:08 PM My Price 7.00

Wit-----------h a----------- Aa-----------a r-----------ati-----------ng -----------at -----------iss-----------ue,----------- th-----------e c-----------oup-----------on -----------rat-----------e i-----------s 9-----------.8%----------- an-----------nua-----------lly----------- or----------- 4.-----------9% -----------sem-----------ian-----------nua-----------lly-----------. W-----------ith----------- a -----------dow-----------ngr-----------adi-----------ng -----------to -----------Aa1-----------, t-----------he -----------new----------- yi-----------eld----------- to----------- ma-----------tur-----------ity----------- is----------- 10-----------% o-----------r 5-----------% s-----------emi-----------ann-----------ual-----------ly.-----------

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