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Home Q & A Board Science-Related Homework Help Mathematics Statistics and Probability
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Tiffhazz Tiffhazz
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6 years ago
Find the current yield of a bond whose coupon rate is listed as 7.375 and currently selling at a discount of 99.875. (Round to the nearest tenth percent)

Q. 2

The ____________________ the number of compounding periods per year, the higher the interest earned on the investment.
 Fill in the blank(s) with correct word

Q. 3

You purchase 30 bonds with a coupon rate of 8.875 and a current market price of 100. The commission charge is 5.00 per bond. The date of the transaction is April 1, and the bond pays interest on January 1 and July 1. What is your total purchase price?

Q. 4

When calculating present value, the ____________________ the interest rate, the smaller the present value amount.
 Fill in the blank(s) with correct word

Q. 5

Gerald Kiraly sold 8 Romond Corporation bonds with a coupon rate of 8.375 and a current market price of 95.25. The commission charge is 10 per bond. The date of the transaction is 72 days since the last interest payment. What were the proceeds of the sale?
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jordanherteljordanhertel
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6 years ago
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Tiffhazz Author
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#2
6 years ago
TY
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#3
6 years ago
You're welcome
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