Esther is a property manager. On 1 june 2015. it listed 1000 bonds with interest of13% p.a
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Esther is a property manager. On 1 june 2015. it listed 1000 bonds with interest of13% p.a paid semi annually at a face value of $100 and maturing on 1 june 2018. the bonds were issued at a yield set 6.36% higher than the 10 year Australian government bond yield ( which was running 6% p.a in 2014) compounded semi-annually.
- What is the semi-annual interest payment?
- What is the semi-annual yield?
- What is the present value of interest payment on one bond?
- What is the present value of the face value (principal) on one bond?
- What is the total value of the bond issue?
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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