Question: How did they get in the formula below 60? or can you type out the formula in words? Five years ago, CleanEnergy Corporation issued an

How did they get in the formula below 60? or can you

How did they get in the formula below 60? or can you type out the formula in words?

Five years ago, CleanEnergy Corporation issued an 12% coupon per year (paid semi-annually), 20-year, AA-rated bond at its par value of $1000. Currently, the annual yield to maturity (APR) on these bonds is 8%. What is the current price per bond? $1483.81$1088.75$1345.84$1258,99 Hide question 9 feedback Price=1000/1.0430+60[11/1.0430]/0.04=$1345.84

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!

Wild horse homes company is considering the acquisition of blossom incorporated early in 2025 to assess the amount, it might be willing to pay while the horse homes makes the following computations...

Five years ago, CleanEnergy Corporation issued an 12% coupon per year (paid semi-annually), 20 year, AA-rated bond at its par value of $1000. Currently, the annual yield to maturity (APR) on these...

Five years ago, CleanEnergy Corporation issued an 12% coupon per year (paid semi-annually), 25-year, AA-rated bond at its par value of $1000. Currently, the annual yield to maturity (APR) on these...

Five years ago, CleanEnergy Corporation issued an 10% coupon per year (paid semi-annually), 15-year, AA-rated bond at its par value of $1000. Currently, the annual yield to maturity (APR) on these...

Four years ago, CleanEnergy Corporation issued an 10% coupon per year (paid semi-annually), 15-year, AA-rated bond at its par value of $1000. Currently, the annual yield to maturity (APR) on these...

Question 14 (3 points) Four years ago, CleanEnergy Corporation issued an 10% coupon per year (paid semi-annually), 15-year, AA-rated bond at its par value of $1000. Currently, the annual yield to...

1) Spooner Corporation's next dividend is expected to be $6. Dividend growth is estimated at 25%, 20%, 10% and then stabilize to 3%. If the rate of return is 10%, determine the stock price in year 2....

Need help with all questions. Please. Financial ratio analysis (25 points) Dino's 2014 and 2015 balance sheets and income statements, together with projections for 2016, are given in Tables 1 and 2....

please answer these questions for " financial management" course 2:02 Assignment4.docx FINANCIAL MANAGEMENT Answer the following 10 questions, and explain your answer, each correct answer is 10...

1. IS THE FOLLOWING STATEMENT TRUE or FALSE? "A financial security is a contract between the provider of funds and the user of these funds that clearly specifies the amount of money that has been...

The mean annual salary for parole officers is about $50,830. A random sample of 50 parole officers is selected. What is the probability that the mean annual salary of the sample is (a) Less than...

Let f be defined as in Problem 2-4. Show that Dxf (0, 0) exists for all , but if g 0, , then Dx + yf (0,0) =Dxf (00 Dx + y f (0, 0) = Dx f (0 , 0) + Dyf (0, 0) Is not true for all x and all y.

b . She files a joint tax return with her spouse. Together their taxable income is \ ( \ $ 7 5 , 0 0 0 \ ) . Income tax liability c . She is married but files a separate tax return. Her taxable...

9. (15 points) A company is considering a new project that requires an investment of \$5 million. The project is expected to generate cash flows of $2 million in year 1,$3 million in year 2, and $4...

V. Conclusion and follow-up A. Take any questions or concerns B. Establish next meeting time and what should be accomplished by then?

3 As the groups leader, do you have a responsibility to these interns to ensure that they get the most from their internship experience?

How do cognitive, psychological, and social forces affect decision making in groups youre currently involved in? Have these forces ever caused your group to make a poor decision? If so, how?