Interest is paid annually‚ they have a $1‚000 par value‚ the coupon interest rate is 6.5%‚ and the yield to maturity is 11%. What is the bond’s current market price? Round your answer to the nearest cent. Annual Interest Payment = Par Value * Coupon Rate $1‚000 * 6.5%= 65 Financial Calculator N= 5 I/YR= 11% PMT= -65 FV= -$1‚000 Find PV? Bond’s Current Market Price= 833.68 Problem7-2 Yield to maturity and future price A bond has a $1‚000 par value‚ 12 years to maturity‚ and a 9% annual
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Chapter 1 BUSINESS COMBINATIONS Answers to Questions 1 A business combination is a union of business entities in which two or more previously separate and independent companies are brought under the control of a single management team. Three situations establish the control necessary for a business combination‚ namely‚ when one or more corporations become subsidiaries‚ when one company transfers its net assets to another‚ and when each combining company transfers its net assets to a newly
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that “AlphaGo was designed to win by playing a huge number of games against other programs and adopting the best strategies that proved successful” (par. 3) saying that the computer program was able to surpass human talent in the game Go in a matter of a few years even though the game Go had “more possible moves than there are atoms in the universe” (par. 2). Singer reasons that although this machine worked out
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most authority in the 1960’s. Though situations have changed‚ “racism is still systemic and webbed across all sectors of the society. Whites still dominate almost every major organization such as economic‚ legal‚ political and educational” (Feagin. Par. 1 pg.25). Whites had the power to choose what was right and what was wrong‚ making interracial relationships‚ in their eyes‚ a wrong. Whites in the 1960’s dominated major organizations as some whites do today and as a result‚ the whites of the 60’s
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hypodermic needles‚ and it closed New Jersey beaches in a 50 mile radius (“Sewage”‚ par. 2‚ 8). The New Jersey shore vacation industry was directly affected by this mass of pollution. The $-11-billion industry was threatened as a result of these closings and it raised many health concerns in the area (par. 4). The medical waste was found to be illegally dumped at sea after many thought the cause was the sewage system (par. 8). Before this incident‚ waste dumped in the oceans was often an overlooked affair
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day” (Jackson par. 1). In this town “there’s always been a lottery”; every year the townspeople gather in the town square in order to conduct their traditional act of the lottery (Jackson par. 30). In the meantime‚ Jackson goes on to describe the intricate setting of “flowers blossoming profusely and the richly green grass” (Jackson par.2). She describes the young children participating in “boisterous play” and the mothers gathering together to “exchange bits of gossip”(Jackson par.2). Mr. Summers
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to make a pit stop at the house‚ “Bailey looks straight ahead. His jaw bone was as rigid as a horseshoe. “No‚” he said.” (par.49) Both of the children‚ John Wesley and June Star‚ are obnoxious rowdy children that seem to not know respect or manners in any case. The way June Star refers to Red Sammy’s as a “broken down place” and is rude to Sammy’s wife‚ is just an example. (par. 31) I think that all of the characters help show how self centered and manipulative the grandmother really is. While getting
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going on‚ Hemingway confuses by offering so few” (par. 8). Hemingway developed his simple writing style while he was a reporter for the Kansas City Star. The newspaper office supported Hemingway to learn “short sentences‚ short paragraphs‚ active verbs‚ authenticity‚ compression‚ clarity and immediacy.” Hemingway said‚ "Those were the best rules I ever learned for the business of writing. I’ve never forgotten them” (The Hemingway Resource Center par. 1). Hemingway developed “simple‚ direct‚ and
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598; par. 1). These young men were told that they were taking part in a vision test experiment‚ which wasn’t true. The plot twist to this was that one of the participants in the group was the only one that did not know the real reason behind the experiment. Every single person in that room knew exactly what was going on except for him. The rest of the participants were among Asch’s group of associates. They were told‚ by the experimenter‚ to give incorrect answers unanimously (page 599; par. 5).
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plus the present value of the par value (computed as the present value of a single amount). Example: A $1‚000 face value bond currently has a yield to maturity of 8.89 percent. The bond matures in 7 years and pays interest annually. The coupon rate is 9 percent. What is the current price of this bond? Bond value = present value of coupons + present value of par Bond value = C[1 – 1/(1+r)t] / r + FV / (1+r)t Example #2: Suppose ABC Co. issues $1‚000 par bonds with 20 years to maturity
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