(Answered) An investor has a cash of 10000000 at disposal he wants to

Finance

An investor has a cash of $10,000,000 at disposal. He wants to invest in a bond with $1,000 nominal value and whose dirty price is equal to 107.457%.

1. What is the number of bonds he will buy?

2. Same question if the nominal value and the dirty price of the bond are respectively $100 and 98.453%.

View complete question

Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M91978417
Price:- $20

Verified Expert

Priced at $40 Now at $20, Verified Solution

Have any Question?Write your Review or question?

Related Questions in Basic Finance

What is an integrated supply chain and how does it differ

What is an integrated supply chain and how does it differ from the traditional idea of a supply chain?

A stock is trading at 78 per share the stock is expected to

A stock is trading at $78 per share. The stock is expected to have a year-end dividend of $5 per share (D1=$5), which is expected to grow at some constant rate g throughout time. The stock's required rate of return is 15 ...

What are some key factors needed for consideration in

What are some key factors needed for consideration in choosing a business location and why is location a key finance factor for most businesses?

Determine whether the given value is a discrete or

Determine whether the given value is a discrete or continuous variable. People are asked to state how many times in the last month they visited their family doctor.

The risk-free rate of return is 6 pa wesfarmers ltd has a

The risk-free rate of return is 6% p.a. Wesfarmers Ltd has a β of 0.64. The expected return on the market is 12% p.a. Based on the information provided, answer the following questions. What is the expected return of mark ...

Craigs cake company has an outstanding issue of 15-year

Craig's Cake Company has an outstanding issue of 15-year convertible bonds with a $1,000 par value. These bonds are convertible into 80 shares of common stock. They have a 13% annual coupon interest rate, whereas the int ...

Jane and john doe are twinsnbspjane saves 10000 per year

Jane and John Doe are twins. Jane saves $10,000 per year from age 25 to 34 and nothing from age 35 onward (10 years of saving in total). John saves nothing from age 25 to 34 and $10,000 from age 35 to 64 (30 years of sav ...

A stock can be sold for 1425 the investment bank charges

A stock can be sold for $14.25. The investment bank charges $1.10 per share for creating and marketing the shares. If the last dividend was $.91 and the growth rate is 2.1%, what is the cost of new common stock financing ...

A using an hp 12c calculator what are the correct steps to

a) Using an hp 12c calculator, what are the correct steps to calculate IRR entered as monthly payments and if summed up for a year? b) Using an hp 12c calculator, what is the best way to calculate effective interest rate ...

A firm is considering a project that has the following

A firm is considering a project that has the following estimated cashflows: Increased sales to business of $100,000 for the next six years (starting in one year's time) Increased costs of $30,000 for the next six years ( ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Basic Finance Expert