Question: D Question 16 5 pts A 20-year, $1,000 par value bond has a 7% annual payment coupon. The bond currently sells for $920. If the
D Question 16 5 pts A 20-year, $1,000 par value bond has a 7% annual payment coupon. The bond currently sells for $920. If the yield to maturity remains at the current rate, what wil the price be 10 years from now? Your answer should be between 770.15 and 1,026.90, rounded to 2 decimal places, with no special characters. D Question 17 5 pts Kidder Corporation's balance sheet shows an historical book value for long-term debt (bonds, at par) of $23,500,000. The bonds have an 6.4% coupon rate, payable semiannually, and a par value of $1.000. They mature exactly 10 years from today. The yield to maturity is 9.40%, so the bonds now sell below par, what is the current market value of the firm's debt? Hint: Calculate the price of the bonds, and multiply by number of bonds (book value / 1,000) to calculate market value our answer should be between 17,746,000 and 20.054.000. with no special
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