Business, 03.12.2019 06:31, emmaja121003

Calculate the market price of a bond.( 5 points)
on january 1, 2020 lance co. issued five-year bonds with a face value of $1,000,000 and a stated interest rate of 12% payable semiannually on july 1 and january 1. the bonds were sold to yield 10%. present value table factors are:
present value of 1 for 5 periods at 10% .62092
present value of 1 for 5 periods at 12% .56743
present value of 1 for 10 periods at 5% .61391
present value of 1 for 10 periods at 6% .55839
present value of an ordinary annuity of 1 for 5 periods at 10% 3.79079
present value of an ordinary annuity of 1 for 5 periods at 12% 3.60478
present value of an ordinary annuity of 1 for 10 periods at 5% 7.72173
present value of an ordinary annuity of 1 for 10 periods at 6% 7.36009
calculate the issue price of the bonds.

Answers: 1

Show answers

Other questions on the subject: Business

Business, 22.06.2019 02:00, Lena3055

What is the main role of ctsos at the local level? at the local level, the main role of ctsos is to encourage students to become urge them to programs and competitive events.1. a. internsb. traineesc. members2.a. participateb. trainc. win

Answers: 3

continue

Business, 22.06.2019 14:40, robert7248

Which of the following statements about revision is most accurate? (a) you must compose first drafts quickly (sprint writing) and return later for editing. (b) careful writers always revise as they write. (c) revision is required for only long and complex business documents. (d) some business writers prefer to compose first drafts quickly and revise later; others prefer to revise as they go.

Answers: 3

continue

Business, 22.06.2019 16:30, bbyarxi

Why are there so many types of diversion programs for juveniles

Answers: 2

continue

Business, 22.06.2019 17:40, gabe2111

Take it all away has a cost of equity of 11.11 percent, a pretax cost of debt of 5.36 percent, and a tax rate of 40 percent. the company's capital structure consists of 67 percent debt on a book value basis, but debt is 33 percent of the company's value on a market value basis. what is the company's wacc

Answers: 2

continue

Do you know the correct answer?

Calculate the market price of a bond.( 5 points)
on january 1, 2020 lance co. issued five-yea...