Question

Twelve years ago, The Broadside Company issued bonds that pay annual coupons, have a face value of $1,000.00, have a coupon rate of 8.92%, and were scheduled to mature 20 years after being issued. One year ago, you bought one of those bonds. The bond just paid a coupon and is currently priced at $1,057.31. If the percentage return on your bond was 5.40% over the past year (from 1 year ago to today), what was the price of the bond 1 year ago? $1,087.77 (plus or minus $2) $1,205.25 (plus or minus $2) $918.51 (plus or minus $2) $1,000.00 (plus or minus $2) none of the answers are within $2 of the correct answer QUESTION 2 Twelve years ago, The Broadside Company issued bonds that pay annual coupons, have a face value of $1,000.00, have a coupon rat of 8.85%, and were scheduled to mature 17 years after being issued. One year ago, you bought one of those bonds. The bond just paid a coupon and is currently priced at $1,157.14. If the percentage return on your bond was 5.22% over the past year (from 1 year ago to today), what was the price of the bond 1 year ago? $1,183.84 (plus or minus $2) $1,307.44 (plus or minus $2) $1,015.62 (plus or minus $2) $1,000.00 (plus or minus $2) none of the answers are within $2 of the correct answer

          Twelve years ago, The Broadside Company issued bonds that pay annual coupons, have a face value of $1,000.00, have a coupon rate
of 8.92%, and were scheduled to mature 20 years after being issued. One year ago, you bought one of those bonds. The bond just
paid a coupon and is currently priced at $1,057.31. If the percentage return on your bond was 5.40% over the past year (from 1 year
ago to today), what was the price of the bond 1 year ago?
$1,087.77 (plus or minus $2)
$1,205.25 (plus or minus $2)
$918.51 (plus or minus $2)
$1,000.00 (plus or minus $2)
none of the answers are within $2 of the correct answer
QUESTION 2
Twelve years ago, The Broadside Company issued bonds that pay annual coupons, have a face value of $1,000.00, have a coupon rat
of 8.85%, and were scheduled to mature 17 years after being issued. One year ago, you bought one of those bonds. The bond just
paid a coupon and is currently priced at $1,157.14. If the percentage return on your bond was 5.22% over the past year (from 1 year
ago to today), what was the price of the bond 1 year ago?
$1,183.84 (plus or minus $2)
$1,307.44 (plus or minus $2)
$1,015.62 (plus or minus $2)
$1,000.00 (plus or minus $2)
none of the answers are within $2 of the correct answer

Twelve years ago, The Broadside Company issued bonds that pay annual coupons, have a face value of 1,000.00, have a coupon rate
of 8.92%, and were scheduled to mature 20 years after being issued. One year ago, you bought one of those bonds. The bond just
paid a coupon and is currently priced at1,057.31. If the percentage return on your bond was 5.40% over the past year (from 1 year
ago to today), what was the price of the bond 1 year ago?
1,087.77 (plus or minus2)
1,205.25 (plus or minus2)
918.51 (plus or minus2)
1,000.00 (plus or minus2)
none of the answers are within 2 of the correct answer
QUESTION 2
Twelve years ago, The Broadside Company issued bonds that pay annual coupons, have a face value of1,000.00, have a coupon rat
of 8.85%, and were scheduled to mature 17 years after being issued. One year ago, you bought one of those bonds. The bond just
paid a coupon and is currently priced at 1,157.14. If the percentage return on your bond was 5.22% over the past year (from 1 year
ago to today), what was the price of the bond 1 year ago?1,183.84 (plus or minus 2)1,307.44 (plus or minus 2)1,015.62 (plus or minus 2)1,000.00 (plus or minus 2)
none of the answers are within2 of the correct answer

Added by Kenneth B.

Question

Please give Ace some feedback