Saturday
September 20, 2014

Homework Help: accounting

Posted by Adrian on Monday, January 10, 2011 at 7:37pm.

A bond price of $987.50 has a face value of $1000, pays 5% semiannually, and will repay the face value in 15 years.

5% tables Present Values Pv Annuity
year 13 .53032 9.39357
year 14 .50507 9.89864
year 15 .48102 10.37966

What is the yeild to maturity of the loan

a) 4.9%
b) 5.14%
c) 5.00%
d) 2.57%

Can you please include how you got the answer?

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

Business - A bond price of $987.50 has a face value of $1000, pays 5% ...
finance - A manufacturing company issues a bond with a 100,000 face value and a ...
Math - The McKeegan Corporation has two different bonds currently outstanding. ...
accounting - a 10 year bond pays 8% on a face value of $1000. If similar bonds ...
accounting - a 15 year bond pays 11% on a face value of $1000. If similar bonds ...
Accounting - (Present Value) What is the present value of an annuity that pays $...
Accounting - Compute the price of $7,936,343 received for the bonds by using ...
accounting - Selling price of a bond: Problem type 1 On December 31, 2008, $140,...
Engineering economy - General Electric issued 1000 debenture bonds 3 years ago ...
Math... please help me - Please can you help me to solve and get the solution ...

Search
Members