What did kirt pay for the bond, Microeconomics

+44 141 628 6080
[email protected]

What did kirt pay for the bond

Problem

Contributed by Meenakshi Sundaram, Tennessee Tech University

A Treasury bond with a face value of $5000 and a coupon rate of 6% payable semiannually was bought by Kirt when the market's nominal rate was 8%. The bond matures 20 years from now. What did Kirt pay for the bond?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

View Complete Question

Request for Solution File

Ask an Expert for Answer!!

Microeconomics: What did kirt pay for the bond

Reference No:- TGS02949936

Expected delivery within 24 Hours

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Recent Questions Asked Microeconomics

Q : What initial principal or pw will the given repay

Assume annual mortgage payments of $12,000 for 30 years and an interest rate of 6.168% per year. What initial principal or PW will this repay?

Q : What will the face value of the bonds have to be

What will the face value of the bonds have to be, if the bonds are to have an interest rate of 12% per year, payable quarterly, and a maturity date of 20 years?

Q : How much will city raise from issuing three m dollar in bond

If the bonds mature in 20 years, how much will the city raise from issuing $3M in bonds.

Q : How much should meenakshi pay for the bond

A zero-coupon bond (coupon rate = 0%) with a face value of $10,000 and maturity date in 5 years is being considered. How much should Meenakshi pay for the bond?

Q : What did kirt pay for the bond

A Treasury bond with a face value of $5000 and a coupon rate of 6% payable semiannually was bought by Kirt. What did Kirt pay for the bond?

Q : How much would he or she be willing to pay for investor bond

If the investor wants to receive 8% interest, compounded semiannually, how much would he or she be willing to pay for the bond?

Q : Calculate the present worth of bond with interest paid

Calculate the present worth of a 4.5%, $5000 bond with interest paid semiannually. The bond matures in 10 years, and the investor wants to make 8% per year.

Q : Determine the market value of the bond

The interest rate paid on similar corporate bonds has decreased to a current rate of 6%. Determine the market value of the bond.

Q : Determine the most economical plan for initial railroad ties

Determine the most economical plan for the initial railroad ties and their replacement for the 15-year period. Make a present worth analysis assuming 8% interes

1939841

Questions
Asked

3,689

Active Tutors

1420136

Questions
Answered

Start Excelling in your courses, Ask a tutor for help and get answers for your problems !!

ask Question

Asked Questions

Problem regarding the america youth and social media

Think about where you were the most and least engaged when reading a classmate's draft. Think about what captured your attention

Examine historical literature to the most current period

Examine historical literature to the most current period to see the growth of romanticism and EXISTENTIALISM. any major developments

Discuss children diagnosed with developmental disabilities

When Min decided to begin his supervised field experience, he applied at a company in his hometown that provided applied behavior analysis

Describe the results, including any scores

Describe the results, including any scores. Result: E6% Extraverted Action oriented, Outgoing, Expressive, Hands-On S17% Sensing Traditional,

Identify a specific theory of cognitive or moral development

Problem 1: Identify a specific theory of cognitive or moral development, and summarize the major assumptions.

Is lifespan psychologists are unlikely to investigate

Lifespan psychologists are unlikely to investigate both changes as well as consistencies that exist in different individuals'

How do you define being an adult

Based on information provided in Ch. 11 & 12, how do you define "being an adult"?