Price and yield an 6 semiannual coupon bond matures in 5, Ask an Expert

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Price and yield An 6% semiannual coupon bond matures in 5 years. The bond has a face value of $1,000 and a current yield of 6.6956%.

What is the bond's price? Round your answer to the nearest cent.$

What is the bond's YTM? (Hint: Refer to Footnote 7 for the definition of the current yield and to Table 7.1.) Round your answers to two decimal places. %Accounts Payable

A chain of appliance stores, APP Corporation, purchases inventory with a net price of $250,000 each day. The company purchases the inventory under the credit terms of 1/15, net 40. APP always takes the discount, but takes the full 15 days to pay its bills. What is the average accounts payable for APP? Round your answer to the nearest dollar.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91769090

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