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Bond Questions
Question1Nelson company has bonds on the market making annual payments, with 3 years to maturity, and selling for $1053.46.If the required return is 0.6 percent, what must the coupon rate be on Meston's bonds?Question 2Meston company has bonds on the market making semi annual payments, with 3 years to... 顯示更多 Question1 Nelson company has bonds on the market making annual payments, with 3 years to maturity, and selling for $1053.46.If the required return is 0.6 percent, what must the coupon rate be on Meston's bonds? Question 2 Meston company has bonds on the market making semi annual payments, with 3 years to maturity , and selling for 1054.17. If the required return is 6.0 percent, what must the coupon rate be on Nelson's bonds?
最佳解答:
Question 1: Assuming the required return is 6%, not 0.6%. Then setting the equation: 1053.46=c/(1.06)+c(1.06)^2 + (1000+c)/(1.06)^3, c=$80, thus coupon rate is 8% Question2: 1054.17=a/(1.03) + a/(1.03)^2 + a/(1.03)^3 + a/(1.03)^4 +a/(1.03)^5 + (1000+a)/(1.03)^6, a=$40, hence annual coupon=$80, thus annual coupon rate = 8%
其他解答:
Bond Questions
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發問:Question1Nelson company has bonds on the market making annual payments, with 3 years to maturity, and selling for $1053.46.If the required return is 0.6 percent, what must the coupon rate be on Meston's bonds?Question 2Meston company has bonds on the market making semi annual payments, with 3 years to... 顯示更多 Question1 Nelson company has bonds on the market making annual payments, with 3 years to maturity, and selling for $1053.46.If the required return is 0.6 percent, what must the coupon rate be on Meston's bonds? Question 2 Meston company has bonds on the market making semi annual payments, with 3 years to maturity , and selling for 1054.17. If the required return is 6.0 percent, what must the coupon rate be on Nelson's bonds?
最佳解答:
Question 1: Assuming the required return is 6%, not 0.6%. Then setting the equation: 1053.46=c/(1.06)+c(1.06)^2 + (1000+c)/(1.06)^3, c=$80, thus coupon rate is 8% Question2: 1054.17=a/(1.03) + a/(1.03)^2 + a/(1.03)^3 + a/(1.03)^4 +a/(1.03)^5 + (1000+a)/(1.03)^6, a=$40, hence annual coupon=$80, thus annual coupon rate = 8%
其他解答:
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