A Johnson and Johnson 5.65% coupon bond is yielding 2.27%. The current date is February 14, 2021
Fantastic news! We've Found the answer you've been seeking!
Question:
A Johnson and Johnson 5.65% coupon bond is yielding 2.27%. The current date is February 14, 2021 and the bond matures on June 28, 2028. How much will you earn only on the reinvestment of coupons if held to maturity? Round to 2 decimal places
Round answers according to instructions in each problem. |
Do not round intermediate calculations. |
All cash flows occur at the end of the period. |
Do not include symbols such as $ and % in your answers. |
Enter answers as positive numbers. |
A bond's par value is S1,000 unless specified otherwise. |
A bond's coupons are paid semi-annually unless specified otherwise. |
All stated interest rates are annual unless specified otherwise. |
Enter all interest rate answers in decimal format (not % format). Example: .05 not 5 |
Related Book For
Fundamentals of Investments, Valuation and Management
ISBN: 978-1259720697
8th edition
Authors: Bradford Jordan, Thomas Miller, Steve Dolvin
Posted Date: