SlideShare a Scribd company logo
JKL Co. issues zero coupon bonds on the market at a price of $447 per bond. Each bond has a
face value of $1,000 payable at maturity in 19 years. What is the yield to maturity for these bonds
(in percent)? Answer to two decimals.

More Related Content

More from adinathassociates

Joe makes annual income of 5000 for five years Joe withdr.pdf
Joe makes annual income of 5000 for five years Joe withdr.pdfJoe makes annual income of 5000 for five years Joe withdr.pdf
Joe makes annual income of 5000 for five years Joe withdr.pdf
adinathassociates
 
Joan Robinson ktisat okumann amac iktisat sorularna bir d.pdf
Joan Robinson ktisat okumann amac iktisat sorularna bir d.pdfJoan Robinson ktisat okumann amac iktisat sorularna bir d.pdf
Joan Robinson ktisat okumann amac iktisat sorularna bir d.pdf
adinathassociates
 
Jobyde ie alma ilerleme terfi ve tevik etme grevleri gen.pdf
Jobyde ie alma ilerleme terfi ve tevik etme grevleri gen.pdfJobyde ie alma ilerleme terfi ve tevik etme grevleri gen.pdf
Jobyde ie alma ilerleme terfi ve tevik etme grevleri gen.pdf
adinathassociates
 
It is not option 3 please help What would be the outcome of.pdf
It is not option 3 please help What would be the outcome of.pdfIt is not option 3 please help What would be the outcome of.pdf
It is not option 3 please help What would be the outcome of.pdf
adinathassociates
 
Joanna and Chip Gaines and Michael Dubin got together recent.pdf
Joanna and Chip Gaines and Michael Dubin got together recent.pdfJoanna and Chip Gaines and Michael Dubin got together recent.pdf
Joanna and Chip Gaines and Michael Dubin got together recent.pdf
adinathassociates
 
Jill is offered a choice between receiving 50 with certaint.pdf
Jill is offered a choice between receiving 50 with certaint.pdfJill is offered a choice between receiving 50 with certaint.pdf
Jill is offered a choice between receiving 50 with certaint.pdf
adinathassociates
 
Jennys Froyo INC Balance Sheet For Year Ended December 31.pdf
Jennys Froyo INC Balance Sheet For Year Ended December 31.pdfJennys Froyo INC Balance Sheet For Year Ended December 31.pdf
Jennys Froyo INC Balance Sheet For Year Ended December 31.pdf
adinathassociates
 
Jim y Sue se iban a casar y estaban muy enamorados Antes de.pdf
Jim y Sue se iban a casar y estaban muy enamorados Antes de.pdfJim y Sue se iban a casar y estaban muy enamorados Antes de.pdf
Jim y Sue se iban a casar y estaban muy enamorados Antes de.pdf
adinathassociates
 
Jhania Bive the muk hroutwes ite p+4i if peras bt in +45 te.pdf
Jhania Bive the muk hroutwes ite p+4i if peras bt in +45 te.pdfJhania Bive the muk hroutwes ite p+4i if peras bt in +45 te.pdf
Jhania Bive the muk hroutwes ite p+4i if peras bt in +45 te.pdf
adinathassociates
 
JAVA Please help me on this method The requirement of the m.pdf
JAVA Please help me on this method The requirement of the m.pdfJAVA Please help me on this method The requirement of the m.pdf
JAVA Please help me on this method The requirement of the m.pdf
adinathassociates
 
Jennifer invested the profit of his business in an investmen.pdf
Jennifer invested the profit of his business in an investmen.pdfJennifer invested the profit of his business in an investmen.pdf
Jennifer invested the profit of his business in an investmen.pdf
adinathassociates
 
Jenna son 3 yldr Firenzi Entertainment Groupta mekan keif .pdf
Jenna son 3 yldr Firenzi Entertainment Groupta mekan keif .pdfJenna son 3 yldr Firenzi Entertainment Groupta mekan keif .pdf
Jenna son 3 yldr Firenzi Entertainment Groupta mekan keif .pdf
adinathassociates
 
Jerome es el gerente de recursos humanos de la empresa XYZ .pdf
Jerome es el gerente de recursos humanos de la empresa XYZ .pdfJerome es el gerente de recursos humanos de la empresa XYZ .pdf
Jerome es el gerente de recursos humanos de la empresa XYZ .pdf
adinathassociates
 
Jenifer is considering starting a new company The company w.pdf
Jenifer is considering starting a new company The company w.pdfJenifer is considering starting a new company The company w.pdf
Jenifer is considering starting a new company The company w.pdf
adinathassociates
 
Jennifer is a patrol officer who requested to be placed on l.pdf
Jennifer is a patrol officer who requested to be placed on l.pdfJennifer is a patrol officer who requested to be placed on l.pdf
Jennifer is a patrol officer who requested to be placed on l.pdf
adinathassociates
 
Jean wanted to avoid the risk that her retirement income mig.pdf
Jean wanted to avoid the risk that her retirement income mig.pdfJean wanted to avoid the risk that her retirement income mig.pdf
Jean wanted to avoid the risk that her retirement income mig.pdf
adinathassociates
 
Java in AndroidStudio needing to send this MapltString S.pdf
Java in AndroidStudio needing to send this MapltString S.pdfJava in AndroidStudio needing to send this MapltString S.pdf
Java in AndroidStudio needing to send this MapltString S.pdf
adinathassociates
 
IT project management The probabilityImpact matrix shows.pdf
IT project management    The probabilityImpact matrix shows.pdfIT project management    The probabilityImpact matrix shows.pdf
IT project management The probabilityImpact matrix shows.pdf
adinathassociates
 
Jennings Otomotiv Vaka Bilgileri renci Soru stemleri Vaka .pdf
Jennings Otomotiv Vaka Bilgileri renci Soru stemleri Vaka .pdfJennings Otomotiv Vaka Bilgileri renci Soru stemleri Vaka .pdf
Jennings Otomotiv Vaka Bilgileri renci Soru stemleri Vaka .pdf
adinathassociates
 
JAVASCRIPT I need help adding the following to my code Enha.pdf
JAVASCRIPT I need help adding the following to my code Enha.pdfJAVASCRIPT I need help adding the following to my code Enha.pdf
JAVASCRIPT I need help adding the following to my code Enha.pdf
adinathassociates
 

More from adinathassociates (20)

Joe makes annual income of 5000 for five years Joe withdr.pdf
Joe makes annual income of 5000 for five years Joe withdr.pdfJoe makes annual income of 5000 for five years Joe withdr.pdf
Joe makes annual income of 5000 for five years Joe withdr.pdf
 
Joan Robinson ktisat okumann amac iktisat sorularna bir d.pdf
Joan Robinson ktisat okumann amac iktisat sorularna bir d.pdfJoan Robinson ktisat okumann amac iktisat sorularna bir d.pdf
Joan Robinson ktisat okumann amac iktisat sorularna bir d.pdf
 
Jobyde ie alma ilerleme terfi ve tevik etme grevleri gen.pdf
Jobyde ie alma ilerleme terfi ve tevik etme grevleri gen.pdfJobyde ie alma ilerleme terfi ve tevik etme grevleri gen.pdf
Jobyde ie alma ilerleme terfi ve tevik etme grevleri gen.pdf
 
It is not option 3 please help What would be the outcome of.pdf
It is not option 3 please help What would be the outcome of.pdfIt is not option 3 please help What would be the outcome of.pdf
It is not option 3 please help What would be the outcome of.pdf
 
Joanna and Chip Gaines and Michael Dubin got together recent.pdf
Joanna and Chip Gaines and Michael Dubin got together recent.pdfJoanna and Chip Gaines and Michael Dubin got together recent.pdf
Joanna and Chip Gaines and Michael Dubin got together recent.pdf
 
Jill is offered a choice between receiving 50 with certaint.pdf
Jill is offered a choice between receiving 50 with certaint.pdfJill is offered a choice between receiving 50 with certaint.pdf
Jill is offered a choice between receiving 50 with certaint.pdf
 
Jennys Froyo INC Balance Sheet For Year Ended December 31.pdf
Jennys Froyo INC Balance Sheet For Year Ended December 31.pdfJennys Froyo INC Balance Sheet For Year Ended December 31.pdf
Jennys Froyo INC Balance Sheet For Year Ended December 31.pdf
 
Jim y Sue se iban a casar y estaban muy enamorados Antes de.pdf
Jim y Sue se iban a casar y estaban muy enamorados Antes de.pdfJim y Sue se iban a casar y estaban muy enamorados Antes de.pdf
Jim y Sue se iban a casar y estaban muy enamorados Antes de.pdf
 
Jhania Bive the muk hroutwes ite p+4i if peras bt in +45 te.pdf
Jhania Bive the muk hroutwes ite p+4i if peras bt in +45 te.pdfJhania Bive the muk hroutwes ite p+4i if peras bt in +45 te.pdf
Jhania Bive the muk hroutwes ite p+4i if peras bt in +45 te.pdf
 
JAVA Please help me on this method The requirement of the m.pdf
JAVA Please help me on this method The requirement of the m.pdfJAVA Please help me on this method The requirement of the m.pdf
JAVA Please help me on this method The requirement of the m.pdf
 
Jennifer invested the profit of his business in an investmen.pdf
Jennifer invested the profit of his business in an investmen.pdfJennifer invested the profit of his business in an investmen.pdf
Jennifer invested the profit of his business in an investmen.pdf
 
Jenna son 3 yldr Firenzi Entertainment Groupta mekan keif .pdf
Jenna son 3 yldr Firenzi Entertainment Groupta mekan keif .pdfJenna son 3 yldr Firenzi Entertainment Groupta mekan keif .pdf
Jenna son 3 yldr Firenzi Entertainment Groupta mekan keif .pdf
 
Jerome es el gerente de recursos humanos de la empresa XYZ .pdf
Jerome es el gerente de recursos humanos de la empresa XYZ .pdfJerome es el gerente de recursos humanos de la empresa XYZ .pdf
Jerome es el gerente de recursos humanos de la empresa XYZ .pdf
 
Jenifer is considering starting a new company The company w.pdf
Jenifer is considering starting a new company The company w.pdfJenifer is considering starting a new company The company w.pdf
Jenifer is considering starting a new company The company w.pdf
 
Jennifer is a patrol officer who requested to be placed on l.pdf
Jennifer is a patrol officer who requested to be placed on l.pdfJennifer is a patrol officer who requested to be placed on l.pdf
Jennifer is a patrol officer who requested to be placed on l.pdf
 
Jean wanted to avoid the risk that her retirement income mig.pdf
Jean wanted to avoid the risk that her retirement income mig.pdfJean wanted to avoid the risk that her retirement income mig.pdf
Jean wanted to avoid the risk that her retirement income mig.pdf
 
Java in AndroidStudio needing to send this MapltString S.pdf
Java in AndroidStudio needing to send this MapltString S.pdfJava in AndroidStudio needing to send this MapltString S.pdf
Java in AndroidStudio needing to send this MapltString S.pdf
 
IT project management The probabilityImpact matrix shows.pdf
IT project management    The probabilityImpact matrix shows.pdfIT project management    The probabilityImpact matrix shows.pdf
IT project management The probabilityImpact matrix shows.pdf
 
Jennings Otomotiv Vaka Bilgileri renci Soru stemleri Vaka .pdf
Jennings Otomotiv Vaka Bilgileri renci Soru stemleri Vaka .pdfJennings Otomotiv Vaka Bilgileri renci Soru stemleri Vaka .pdf
Jennings Otomotiv Vaka Bilgileri renci Soru stemleri Vaka .pdf
 
JAVASCRIPT I need help adding the following to my code Enha.pdf
JAVASCRIPT I need help adding the following to my code Enha.pdfJAVASCRIPT I need help adding the following to my code Enha.pdf
JAVASCRIPT I need help adding the following to my code Enha.pdf
 

Recently uploaded

Lapbook sobre os Regimes Totalitários.pdf
Lapbook sobre os Regimes Totalitários.pdfLapbook sobre os Regimes Totalitários.pdf
Lapbook sobre os Regimes Totalitários.pdf
Jean Carlos Nunes Paixão
 
2024.06.01 Introducing a competency framework for languag learning materials ...
2024.06.01 Introducing a competency framework for languag learning materials ...2024.06.01 Introducing a competency framework for languag learning materials ...
2024.06.01 Introducing a competency framework for languag learning materials ...
Sandy Millin
 
Welcome to TechSoup New Member Orientation and Q&A (May 2024).pdf
Welcome to TechSoup   New Member Orientation and Q&A (May 2024).pdfWelcome to TechSoup   New Member Orientation and Q&A (May 2024).pdf
Welcome to TechSoup New Member Orientation and Q&A (May 2024).pdf
TechSoup
 
The basics of sentences session 5pptx.pptx
The basics of sentences session 5pptx.pptxThe basics of sentences session 5pptx.pptx
The basics of sentences session 5pptx.pptx
heathfieldcps1
 
CACJapan - GROUP Presentation 1- Wk 4.pdf
CACJapan - GROUP Presentation 1- Wk 4.pdfCACJapan - GROUP Presentation 1- Wk 4.pdf
CACJapan - GROUP Presentation 1- Wk 4.pdf
camakaiclarkmusic
 
Multithreading_in_C++ - std::thread, race condition
Multithreading_in_C++ - std::thread, race conditionMultithreading_in_C++ - std::thread, race condition
Multithreading_in_C++ - std::thread, race condition
Mohammed Sikander
 
Biological Screening of Herbal Drugs in detailed.
Biological Screening of Herbal Drugs in detailed.Biological Screening of Herbal Drugs in detailed.
Biological Screening of Herbal Drugs in detailed.
Ashokrao Mane college of Pharmacy Peth-Vadgaon
 
BÀI TẬP BỔ TRỢ TIẾNG ANH GLOBAL SUCCESS LỚP 3 - CẢ NĂM (CÓ FILE NGHE VÀ ĐÁP Á...
BÀI TẬP BỔ TRỢ TIẾNG ANH GLOBAL SUCCESS LỚP 3 - CẢ NĂM (CÓ FILE NGHE VÀ ĐÁP Á...BÀI TẬP BỔ TRỢ TIẾNG ANH GLOBAL SUCCESS LỚP 3 - CẢ NĂM (CÓ FILE NGHE VÀ ĐÁP Á...
BÀI TẬP BỔ TRỢ TIẾNG ANH GLOBAL SUCCESS LỚP 3 - CẢ NĂM (CÓ FILE NGHE VÀ ĐÁP Á...
Nguyen Thanh Tu Collection
 
June 3, 2024 Anti-Semitism Letter Sent to MIT President Kornbluth and MIT Cor...
June 3, 2024 Anti-Semitism Letter Sent to MIT President Kornbluth and MIT Cor...June 3, 2024 Anti-Semitism Letter Sent to MIT President Kornbluth and MIT Cor...
June 3, 2024 Anti-Semitism Letter Sent to MIT President Kornbluth and MIT Cor...
Levi Shapiro
 
Normal Labour/ Stages of Labour/ Mechanism of Labour
Normal Labour/ Stages of Labour/ Mechanism of LabourNormal Labour/ Stages of Labour/ Mechanism of Labour
Normal Labour/ Stages of Labour/ Mechanism of Labour
Wasim Ak
 
Language Across the Curriculm LAC B.Ed.
Language Across the  Curriculm LAC B.Ed.Language Across the  Curriculm LAC B.Ed.
Language Across the Curriculm LAC B.Ed.
Atul Kumar Singh
 
Francesca Gottschalk - How can education support child empowerment.pptx
Francesca Gottschalk - How can education support child empowerment.pptxFrancesca Gottschalk - How can education support child empowerment.pptx
Francesca Gottschalk - How can education support child empowerment.pptx
EduSkills OECD
 
special B.ed 2nd year old paper_20240531.pdf
special B.ed 2nd year old paper_20240531.pdfspecial B.ed 2nd year old paper_20240531.pdf
special B.ed 2nd year old paper_20240531.pdf
Special education needs
 
Group Presentation 2 Economics.Ariana Buscigliopptx
Group Presentation 2 Economics.Ariana BuscigliopptxGroup Presentation 2 Economics.Ariana Buscigliopptx
Group Presentation 2 Economics.Ariana Buscigliopptx
ArianaBusciglio
 
Embracing GenAI - A Strategic Imperative
Embracing GenAI - A Strategic ImperativeEmbracing GenAI - A Strategic Imperative
Embracing GenAI - A Strategic Imperative
Peter Windle
 
aaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa
aaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa
aaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa
siemaillard
 
How to Make a Field invisible in Odoo 17
How to Make a Field invisible in Odoo 17How to Make a Field invisible in Odoo 17
How to Make a Field invisible in Odoo 17
Celine George
 
Best Digital Marketing Institute In NOIDA
Best Digital Marketing Institute In NOIDABest Digital Marketing Institute In NOIDA
Best Digital Marketing Institute In NOIDA
deeptiverma2406
 
Synthetic Fiber Construction in lab .pptx
Synthetic Fiber Construction in lab .pptxSynthetic Fiber Construction in lab .pptx
Synthetic Fiber Construction in lab .pptx
Pavel ( NSTU)
 
Chapter -12, Antibiotics (One Page Notes).pdf
Chapter -12, Antibiotics (One Page Notes).pdfChapter -12, Antibiotics (One Page Notes).pdf
Chapter -12, Antibiotics (One Page Notes).pdf
Kartik Tiwari
 

Recently uploaded (20)

Lapbook sobre os Regimes Totalitários.pdf
Lapbook sobre os Regimes Totalitários.pdfLapbook sobre os Regimes Totalitários.pdf
Lapbook sobre os Regimes Totalitários.pdf
 
2024.06.01 Introducing a competency framework for languag learning materials ...
2024.06.01 Introducing a competency framework for languag learning materials ...2024.06.01 Introducing a competency framework for languag learning materials ...
2024.06.01 Introducing a competency framework for languag learning materials ...
 
Welcome to TechSoup New Member Orientation and Q&A (May 2024).pdf
Welcome to TechSoup   New Member Orientation and Q&A (May 2024).pdfWelcome to TechSoup   New Member Orientation and Q&A (May 2024).pdf
Welcome to TechSoup New Member Orientation and Q&A (May 2024).pdf
 
The basics of sentences session 5pptx.pptx
The basics of sentences session 5pptx.pptxThe basics of sentences session 5pptx.pptx
The basics of sentences session 5pptx.pptx
 
CACJapan - GROUP Presentation 1- Wk 4.pdf
CACJapan - GROUP Presentation 1- Wk 4.pdfCACJapan - GROUP Presentation 1- Wk 4.pdf
CACJapan - GROUP Presentation 1- Wk 4.pdf
 
Multithreading_in_C++ - std::thread, race condition
Multithreading_in_C++ - std::thread, race conditionMultithreading_in_C++ - std::thread, race condition
Multithreading_in_C++ - std::thread, race condition
 
Biological Screening of Herbal Drugs in detailed.
Biological Screening of Herbal Drugs in detailed.Biological Screening of Herbal Drugs in detailed.
Biological Screening of Herbal Drugs in detailed.
 
BÀI TẬP BỔ TRỢ TIẾNG ANH GLOBAL SUCCESS LỚP 3 - CẢ NĂM (CÓ FILE NGHE VÀ ĐÁP Á...
BÀI TẬP BỔ TRỢ TIẾNG ANH GLOBAL SUCCESS LỚP 3 - CẢ NĂM (CÓ FILE NGHE VÀ ĐÁP Á...BÀI TẬP BỔ TRỢ TIẾNG ANH GLOBAL SUCCESS LỚP 3 - CẢ NĂM (CÓ FILE NGHE VÀ ĐÁP Á...
BÀI TẬP BỔ TRỢ TIẾNG ANH GLOBAL SUCCESS LỚP 3 - CẢ NĂM (CÓ FILE NGHE VÀ ĐÁP Á...
 
June 3, 2024 Anti-Semitism Letter Sent to MIT President Kornbluth and MIT Cor...
June 3, 2024 Anti-Semitism Letter Sent to MIT President Kornbluth and MIT Cor...June 3, 2024 Anti-Semitism Letter Sent to MIT President Kornbluth and MIT Cor...
June 3, 2024 Anti-Semitism Letter Sent to MIT President Kornbluth and MIT Cor...
 
Normal Labour/ Stages of Labour/ Mechanism of Labour
Normal Labour/ Stages of Labour/ Mechanism of LabourNormal Labour/ Stages of Labour/ Mechanism of Labour
Normal Labour/ Stages of Labour/ Mechanism of Labour
 
Language Across the Curriculm LAC B.Ed.
Language Across the  Curriculm LAC B.Ed.Language Across the  Curriculm LAC B.Ed.
Language Across the Curriculm LAC B.Ed.
 
Francesca Gottschalk - How can education support child empowerment.pptx
Francesca Gottschalk - How can education support child empowerment.pptxFrancesca Gottschalk - How can education support child empowerment.pptx
Francesca Gottschalk - How can education support child empowerment.pptx
 
special B.ed 2nd year old paper_20240531.pdf
special B.ed 2nd year old paper_20240531.pdfspecial B.ed 2nd year old paper_20240531.pdf
special B.ed 2nd year old paper_20240531.pdf
 
Group Presentation 2 Economics.Ariana Buscigliopptx
Group Presentation 2 Economics.Ariana BuscigliopptxGroup Presentation 2 Economics.Ariana Buscigliopptx
Group Presentation 2 Economics.Ariana Buscigliopptx
 
Embracing GenAI - A Strategic Imperative
Embracing GenAI - A Strategic ImperativeEmbracing GenAI - A Strategic Imperative
Embracing GenAI - A Strategic Imperative
 
aaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa
aaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa
aaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa
 
How to Make a Field invisible in Odoo 17
How to Make a Field invisible in Odoo 17How to Make a Field invisible in Odoo 17
How to Make a Field invisible in Odoo 17
 
Best Digital Marketing Institute In NOIDA
Best Digital Marketing Institute In NOIDABest Digital Marketing Institute In NOIDA
Best Digital Marketing Institute In NOIDA
 
Synthetic Fiber Construction in lab .pptx
Synthetic Fiber Construction in lab .pptxSynthetic Fiber Construction in lab .pptx
Synthetic Fiber Construction in lab .pptx
 
Chapter -12, Antibiotics (One Page Notes).pdf
Chapter -12, Antibiotics (One Page Notes).pdfChapter -12, Antibiotics (One Page Notes).pdf
Chapter -12, Antibiotics (One Page Notes).pdf
 

JKL Co issues zero coupon bonds on the market at a price of.pdf

  • 1. JKL Co. issues zero coupon bonds on the market at a price of $447 per bond. Each bond has a face value of $1,000 payable at maturity in 19 years. What is the yield to maturity for these bonds (in percent)? Answer to two decimals.