[单选题]

CureAll General Hospital has been forced to file for bankruptcy protection. The company managing the hospital has been allowed to reorganize under the name United Hospital of Hope. The courts have specified that a new indenture should be written to accompany a planned new bond issue. The issue would have ten years to maturity and carry a 10% coupon that would be paid annually. The new agreement would relieve the company of the obligation to make interest payments during the first five years after the bond is issued. For the remaining five years, regular interest payments would resume. Finally, at maturity, the principal ($1,000) plus the interest that was not paid during the first five years would be paid. However, no additional interest would be payable on the deferred interest. If the bond's YTM is 10%, its value is closest to:

A.$778.

B.$814.

C.$856.

参考答案与解析:

相关试题

The foreign company has been______ runni

[单选题]The foreign company has been______ running this factory for decades.A. enormouslyB. effectivelyC. infinitelyD. extremely

  • 查看答案
  • I firmly hold my [opinion]about environmental protection.

    [单选题]I firmly hold my [opinion]about environmental protection.A.perspectiveB.pro

  • 查看答案
  • I firmly hold my (opinion)about environmental protection.

    [单选题]I firmly hold my (opinion)about environmental protection.A.perspectiveB.pro

  • 查看答案
  • If file A has the capability of 724,the

    [单选题]If file A has the capability of 724,the same group's users of file A may do (74) .(74) A.read A onlyB.write AC.execute AD.non-operation

  • 查看答案
  • If file A has the capability of 724,the

    [单选题]If file A has the capability of 724,the same group’s users of file A may doA.read A OnlyB.write AC.execute AD.non-operation

  • 查看答案
  • If file A has the capability of 724,the

    [单选题]If file A has the capability of 724,the same group’s users of file A may doA. read A onlyB.write AC.execute AD.non-operation

  • 查看答案
  • If file A has the capability of 724, the

    [单选题]If file A has the capability of 724, the same group's users of file A may do(74).A.read A onlyB.write AC.execute AD.non-operation

  • 查看答案
  • The project budget has been finalized.Additional work has been discovered that was not planned for i

    [单选题]The project budget has been finalized.Additional work has been discovered t

  • 查看答案
  • There has been a collision ___ a number

    [单选题]Therehasbeenacollision___anumberofcarsonthemainroadtotown.A)composingB)consistingC)involvingD)engaging

  • 查看答案
  • There has been a collision ___ a number

    [试题]Therehasbeenacollision___anumberofcarsonthemainroadtotown.A)composingB)consistingC)involvingD)engaging

  • 查看答案
  • CureAll General Hospital has been forced to file for bankruptcy protection. The company managing the