?An investor is contemplating the purchase of a 20-year bond that pays $50 interest every six months. The investor plans to hold the bond only for 10 years, at which time she will sell it in the marketplace. She requires a 12 percent annual return but believes the market will require only an 8 percent return when she sells the bond 10 years from now. Assuming she is a rational investor, how much should she be willing to pay for the bond today? (Round the answer to two decimal places.)
A. ?$1,126.85
B. $1,081.43?
C. $737.50?
D. $927.68?
E. ?$856.91
Answer: D
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While preparing the April 30th bank reconciliation for the checking account for Calvin Corporation, the accountant identified the following items: Balance per Calvin's company records $15,000 Outstanding checks 2,500 Bank service charge 15 A customer's NSF check returned by the bank 100 What amount will Calvin report as its actual cash balance at April 30th?
A) $12,385 B) $12,500 C) $14,885 D) $17,385
The doctrine of stare decisis means:
a. to abide by decided cases. b. let the courts decide. c. let the superior argument prevail. d. to decide the case on its merits.
XYZ Company wants to be prepared for the ASEAN free trade area. The company plans to develop its own production and marketing facilities in one or more ASEAN countries. The best choice for XYZ Company is
A. a joint venture. B. a licensing agreement. C. totally owned facilities. D. exporting. E. sales offices.
Which of the following taxes is regressive?
A. Federal Insurance Contributions Act (FICA) B. property tax C. excise tax D. gift tax