You own $5,000 par of the XYZ 8s of 09; they sell for 94% of par. The

Fantastic news! We've Found the answer you've been seeking!

Question:

You own $5,000 par of the XYZ 8s of 09; they sell for 94% of par. The bond paid interest six months ago, and pays again tomorrow. How much is the next interest check?

$376
$188
$200
$400

Related Book For answer-question

Foundations of Finance The Logic and Practice of Financial Management

ISBN: 978-0132994873

8th edition

Authors: Arthur J. Keown, John D. Martin, J. William Petty

See More Books

Posted Date: Oct 15, 2020 05:47 AM

See More Questions

Two debtsthe first of $800 due six months ago and the second of $1400 borrowed one year ago for a term of three years at 6.5% compounded annuallyare to be replaced by a single payment one year from...
Six months ago you purchased a bond with 14 years remaining until maturity, a coupon rate of 5.00% and a yeild of maturity of 4.00% at the time of purchase. This morning you received a coupon, and...
Bond XYZ was issued three years ago at par, and is now trading at a price above par. Which of the following components is NOT needed to calculate the yield to maturity of this bond? a. The original...
Both of the following questions are essentially the same. Does the difference in wording seem as though it could affect the way that people respond? Are you in favor of the "Defense of Marriage...
What are the reasons why a company should measure the effectiveness of their promotional programs?
Use a calculator to evaluate an ordinary annuity formula \[A=m\left[\frac{\left(1+\frac{r}{n}ight)^{n t}-1}{\frac{r}{n}}ight]\] for $m, r$, and $t$ (respectively) given in Problems 7-22. Assume...
In a hydraulic jack, a force of 200 N is applied on the lever having a leverage of 10. If the diameter of ram is 300 mm and that of the plunger 30 mm, determine the weight of the object that can be...
On July 5, Feather Company recorded sales of merchandise inventory on account, $20,000. The sales were subject to sales tax of 9%. On August 15, Feather Company paid $1,200 of sales tax to the state....
22.Many nuclides with atomic numbers greater than 83 decay by processes such as electron emission. Explain the observation that the emissions from these unstable nuclides also normally include...
You have a business based in Vietnam that has just imported a product from Thailand. The invoice for this purchase is denominated in Vietnamese dong and must be paid in 60 days. That is, you will pay...
Discuss the similarities between the Weberian bureaucratic model, scientific management, and the "principles" approach to studying public organizations.
Calculate what the nominal annual rate compounded each month should be to have a real rate of 5% per year, assuming an inflation rate of 3.52% per year.
According to the 150%SDA model, what is the monthly default rate in month 29? Express your answer as a number rounded to eight decimal points (for example if your answer is 0.00511111%, write...
What are the role of mental representations in the cognitive agent and how are they involved in problem solving ?
What did Einar Haugen mean by his phrase, "America's profusion of tongues has made her a modern Babel, but a Babel in reverse" ?
Question 1: We talk a lot about platforms, but we don't frequently talk about the differences in competitive advantage of a platform. Strategically speaking, how strong is the competitive advantage...
The "flow" of manufacturing costs through the ledger of MF Enterprise. Company during the month of August is summarized in the following T accounts. Certain amounts have been omitted and are...
What steps must a business take to implement a program of social responsibility?
You are considering the purchase of 150 shares of preferred stock. Your required return is 11 percent. If the stock is currently selling for $ 40 and pays a dividend of $ 5.25, should you purchase...
Given the holding- period returns shown here, calculate the average returns and the standard deviations for the Kaifu Corporation and for the market. MONTH KAIFU CORP MARKET 4% 2% 4
Sheinhardt Wig Company is considering a project that has the following cash flows: If the appropriate discount rate is 10 percent, what is the projects discounted payback? PROJECT YEAR CASH FLOW...
In a perfectly contestable market, inefficiency does not exist. Explain why.
A perfectly competitive market is by definition perfectly contestable, but a perfectly contestable market is not necessarily a perfectly competitive market. Comment on this statement.
Why is it important to be clear about how costs can be classified to consider the degree of contestability of a market?

You own $5,000 par of the XYZ 8s of 09; they sell for 94% of par. The

Question:

Expert Answer:

ANS WER The next interest check will be for 240 WOR... View the full answer

Foundations of Finance The Logic and Practice of Financial Management

Students also viewed these accounting questions