Ask Question
1 January, 13:41

Global Communications has a 7 percent, semiannual coupon bond outstanding with a current market price of $1,023.46. The bond has a par value of $1,000 and a yield to maturity of 6.72 percent. How many years is it until this bond matures?

+3
Answers (1)
  1. 1 January, 14:06
    0
    Years to Maturity = 12.53

    Explanation:

    Coupon Rate = 7.00%

    Coupon Periods = 2

    Perpetuity Value = 1,041.67

    Price = 1,023.46

    Discounted Perpetuity Value = 455.17

    Yield to Maturity = 6.72%

    Annuity Value = 586.49

    Discounted Face Value = 436.97

    Semiannual Coupon = 35.00

    Price 1,023.46

    Periods to Maturity = 25.05

    Semiannual Yield = 3.36%

    Years to Maturity = 12.53
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Global Communications has a 7 percent, semiannual coupon bond outstanding with a current market price of $1,023.46. The bond has a par ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers