How do figure a corporate bond at 99.496, what is the price of the bond if its par value is 00?
A corporate bond;s price is quoted as 99.496. What is the price of the bond id its par value is $ 1000?
Bond best answer:
Answer by Marc
It is selling at a slight discount.
The price you would pay is $ 994.96.
The reason for the discount is that market interest rates are likely to be slightly higher than the coupon rate on the bond.
Bond
Baltimore - Fells Point: Bond Cemetary - Fell Family Grave Marker
Image by wallyg
Bond Cemetery (or Bond "Cemetary" as the stenciled name reads), on Shakespeare Street, occupies a single iron-rail-surrounded house lot with a single granite sarcophagus that marks the final resting place of four members of the Fell family--the brothers Edward and William Fell; William's son, Edward; and Edward's son, William. However, none of the four are actually inside the sarcophagus, which was erected in 1927. The tiny graveyard is a staple of Baltimore ghost tours because of tales of a well dressed apparition spotted along Shakespeare Street who fades away as he gets close to the Fell graves.
The Fell's Point Historic District, bound by Aliceanna Street on the north, Wolfe Street on the east, Dallas Street on the West, and Baltimore Harbor on the south, is part of the Fell's Point neighborhood, which was founded in 1730 by William Fell. In 1763, William's son Edward Fell laid out streets and began selling plots. The town grew quickly, and eventually incorporated with Baltimore Town and Jones Town in 1797 to form the City of Baltimore. The area grew wealthy on the tobacco, flour, and coffee trades through the 18th and 19th centuries.
Some of the first vessels commissioned for the US Navy were built in Fell's Point yards and the area became best known for topsail schooners, sometimes erroneously called Baltimore clippers, renowned for their great speed and handling. With a lively port and plentiful employment, the neighborhood served as home for many immigrants. After the Civil War, into the turn of the century, as the shipping and shipbuilding industries moved to larger facilities, the neighborhood fell into decline until preservationists organized to save the historic buildings and cobblestoned streets. Today, Fell's Point caters to an increasing number of middle to upper middle class residents and boasts the greatest concentration of bars in the city.
Fells Point Historic District National Register #69000319 (1969)
Orignal From: How do figure a corporate bond at 99.496, what is the price of the bond if its par value is $1000? and Baltimore - Fells Point: Bond Cemetary - Fell Family Grave Marker
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