Calculating the bond yield to maturity
New Jersey Lighting has a 7% coupon bond maturing in 17 years. The current market price of the bond is $975. What is the bond's yield to maturity?
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Ring Corporation uses a discount rate of 12% and has a tax rate of 30%. The following cash flows occur in the third year of an equipment selection investment project: Net operating cash inflows of $90,000 and Depreciation deduction of $72,000.
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If the student is in the Calculus class, what is the probability the student is also in the Statistics class?
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A 15-year, $1,000 face value bond with a 10% semiannual coupon has a nominal yield to maturity of 7.5%. The bond, which may be called after five years, has a nominal yield to call of 5.54%. What is the bond's call price?
If you plan to hold the options positions to maturity, devise a zero-net-investment arbitrage strategy to exploit the pricing anomaly. Draw the profit diagram at maturity for your position.
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