Maddiep4749 Maddiep4749

04-11-2022
Business

Answered

the app store needs to raise $2.8 million for expansion. the firm wants to raise this money by selling 20-year, zero coupon bonds with a par value of $1,000. the market yield on similar bonds is 7.19 percent. how many bonds must the company sell to raise the money it needs? assume semiannual compounding.

Answer :

Other Questions

nikita enterprises has bonds on the market making annual payments, with twelve years to maturity, a par value of $1,000, and selling for $984. at this price, th

lincoln park company has a bond outstanding with a coupon rate of 5.34 percent and semiannual payments. the yield to maturity is 6.7 percent and the bond mature

robbins corp. frequently invests excess funds in the mexican money market. one year ago, robbins invested in a one-year mexican money market security that provi

company x sells paper to company y for $100,000. company y uses the paper to make textbooks, selling them to consumers for $500,000. the total contribution to g

waterway industries has a new product going on the market next year. the following data are projections for production and sales: what is the target selling pri