Question: Stranger Things, Corp. has a $1,000 face value bond. This bond has a coupon rate of 8 percent paid annually and 14 years to maturity.


Stranger Things, Corp. has a $1,000 face value bond. This bond has a coupon rate of 8 percent paid annually and 14 years to maturity. The yield to maturity on this bond is 3.4 percent. What is the price of this bond? (Do not round any intermediate calculations. Round your final answer to 2 decimal places and enter it in the box below.) Assume the discount rate is 6 percent. What is the discounted payback period for a project that costs $11,397 today and has positive cash flows of $4,030,$4,273, and $14,526 in years 1 through 3 respectively? (Do not round any intermediate calculations. Round your final answer to 2 decimal places and enter it in the box below.) Suppose an investment has cash flows of $10,754,$8,845 and $12,188 in years 0 through 2 respectively. If the required return is 14 percent, what is the NPV of this investment? (Do not round any intermediate calculations. Round your final answer to 2 decimal places and enter it in the box below.)
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