MT217 Finance_Unit 9 Seminar Alternative Assignment_Jini Li.docx - MT217 Finance Unit 9 Seminar Alternative Assignment Jini Li March 2 2017 Kaplan

MT217 Finance_Unit 9 Seminar Alternative Assignment_Jini Li.docx

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MT217 Finance Unit 9 Seminar Alternative Assignment Jini Li March 2, 2017 Kaplan University Professor Richard Carter
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Unit 8 Seminar Notes Professor said quizzes will be open until Friday this week instead of Tuesday. He can do the same for assignments if needed, but not the last week just because it is the last week. Professor said he will post this week and next week examples in Doc Sharing, as well as seminar slides. Reviewed the following examples: 1) Bond question: Bonds remain at face value, but prices fluctuate either increasing or decreasing the value of the bond. Here, the effective market rate is applied to the coupon rate. Use formula for PV to figure out what needs to happen to the bond to increase the rate from 10% to 15%. If the $1K bond says 10%, then the payment is $100. 15% is used for the rate, 3 years is the Nper, 1000 is the FV. The result is a price of $885.84. There is a $115 difference in the price of the bond so the effective payment is $115 less than the face value of the bond.
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