skip to Main Content
The smarter way
to do assignments.

Please note that this is just a preview of a school assignment posted on our website by one of our clients. If you need assistance with this question too, please click on the Order button at the bottom of the page to get started.

Trevor Price bought 10-year bonds issued by Harvest Foods five years ago for $936.05. The bonds make semiannual coupon payments at a rate of 8.4 percent. If the current price of the bonds is $1,048.77, what is the yield that Trevor would earn by selling the bonds today?
Calculation of yield that Trevor would earn by selling the bonds today Semi annual Coupon rate = 8.4% Purchase Price of the bond 5years ago (P) = $936.05 Current Price of the bond (F) = $1,048.77 Maturity years of the bond = 10 Semi…

nual Interest of the bond (I) ($1000 X 8.4%) 84 Yield of the bond = I+(F-P) n (F+P) 2 = 84+($1048.77-936.05) 10 ($1048.77+936.05) 2 = $95.27 $992.41 = 9.60%

GET HELP WITH THIS ASSIGNMENT TODAY

Clicking on this button will take you to our custom assignment page. Here you can fill out all the additional details for this particular paper (grading rubric, academic style, number of sources etc), after which your paper will get assigned to a course-specific writer. If you have any issues/concerns, please don’t hesitate to contact our live support team or email us right away.

How It Works        |        About Us       |       Contact Us

© 2018 | Intelli Essays Homework Service®