Bond yield to maturity and current yield
If a 7-year bonds with a 9% coupon rate ($1000 par value) is currently selling at $923.62. What is the bond's yield to maturity (YTM) and current yield?
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Why was Pitney Bowes spending so much on employee health at a time when most organizations were cutting health benefits?
A firm buys on terms of 3/15, net 45. It does not take the discount, and it generally pays after 75 days. What is the nominal annual percentage cost of its non-free trade credit, based on a 365-day year?
Motors is preparing a sales budget for the current year for the service department that based on last year's actual amounts. Management is interested in understanding what might happen if the service department has an increase in sales volume or a
A project that provides annual cash flows of $17,100 for nine years costs $77,000 today. What is the NPV for the project if the required return is 8 percent?
Tucker Company manufactures dog beds. The follwoing selected data relates to budgeted sales and inventory levels of the dog beds for the upcoming quarter.
Describe risk and explain its' role in financial planning. Discuss the various types of insurance.
Carlin Corporation issued $2,400,000 of 5-year, 8% bonds at 95; the bonds pay interest semiannually on July 1 and January 1. By January 1, 2011, the market rate of interest for bonds of risk similar to those of Carlin Corporation had risen.
When determining the selling price of a bond, should the market rate be used or should the contract rate? For the purposes of an exam, unless otherwise noted, what should be used? When would one be used but not the other?
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