finance
posted by Edward .
IBM issued $1,000 30 year bonds. The bonds sold for $936 and pay interest semiannually. The required rate of return is 7%. wha tis the semiannual interest payment on the bonds?
Respond to this Question
Similar Questions

accounting
uconn has issued a 10 year $5,000,000 bond with semi annual interest payment with a contract rate of interest of 8%..determine the following you: how much will uconn have to pay to retire the bonds after it pays off the final interest … 
finance
uconn has issued a 10 year $5,000,000 bond with semi annual interest payment with a contract rate of interest of 8%..determine the following how much will uconn have to pay to retire the bonds after it pays off the final interest payment … 
accounting
JTD Corporation issued $800,000 of 20year, 12% bonds on January 1, 2006, when the market rate of interest was 10%. Interest is payable annually on December 31. Use the present values tables shown via the textbook link above. a. Calculate … 
ACCOUNTING
if a company issued $32,000,000 of 10year, 12% bonds at an effective interest rate of 13%, receiving cash of $30,237,139 and interest on the bonds is paid semiannually how do you calculate the first semiannual interest payment and … 
finance
One year ago, Auto Land issued 10year bonds at par. The bonds have a coupon rate of 6.5 percent and pay interest annually. Today, the market rate of interest on these bonds is 6.25 percent. How does today's price of this bond compare … 
accounting
herman company received proceeds of $188,500 on 10year, 8% bonds issued on january 1, 2009. the bonds had a face value of $200,000, pay interest semiannually on june 30 and december 31, and have a call price of 101. herman uses the … 
accounting
On July 1, 2010, Brower Industries Inc. issued $8,900,000 of 9year, 10% bonds at an effective interest rate of 12%, receiving cash of $7,936,343. Interest on the bonds is payable semiannually on December 31 and June 30. The fiscal … 
accounting
On January 2, 2007, a company issued $100,000 of 5%, 10 year bonds. The bonds will mature in ten years. The bonds were sold for for 95% (or .95 of par) and will pay interest semiannually, or twice a year, on June 30 and Dec 31. Record … 
accounting
I have figured this out I just want to make sure I am correct in my answers. 1.On January 2, 2007, A company issued $100,000 of 5%, 10 year bonds. The bonds will mature in ten years. The bonds were sold for for 95% (or .95 of par) … 
finance
1. Yest Corporation's bonds have a 15year maturity, a 7% semiannual coupon, and a par value of $1,000. The market interest rate (r) is 6%, based on semiannual compounding. What is the bondâ€™s price?