Business, 10.03.2020 04:56 prettydoll19
Kasey Corp. has a bond outstanding with a coupon rate of 6.27 percent and semiannual payments. The bond has a yield to maturity of 5.7 percent, a par value of $2,000, and matures in 17 years. What is the quoted price of the bond
Answers: 2
![Quoted\ price\ of\ the\ bond = c[\frac{1-(1+r)^{-n}}{r} ]+\frac{f}{(1+r)^n}\\\\Quoted\ price\ of\ the\ bond = 62.7[\frac{1-(1+0.0285)^{-34}}{0.0285} ]+\frac{2,000}{(1+0.0285)^{34}}\\\\Quoted\ price\ of\ the\ bond = 62.7[\frac{1-(1.0285)^{-34}}{0.0285} ]+\frac{2,000}{(1.0285)^{34}}\\\\Quoted\ price\ of\ the\ bond = 62.7[\frac{1-0.384639547}{0.0285} ]+\frac{2,000}{2.59983667}\\\\Quoted\ price\ of\ the\ bond = 62.7[\frac{0.61536}{0.0285} ]+\frac{2,000}{2.59983667}\\\\](/tpl/images/0540/0717/98776.png)
![Quoted\ price\ of\ the\ bond = 62.7[21.5915789 ]+769.279\\\\\\Quoted\ price\ of\ the\ bond = 62.7[21.5915789 ]+769.279\\\\\\Quoted\ price\ of\ the\ bond = 2,123\\\\](/tpl/images/0540/0717/7cb2c.png)
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Kasey Corp. has a bond outstanding with a coupon rate of 6.27 percent and semiannual payments. The b...
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