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    lkskinner's Avatar
    lkskinner Posts: 2, Reputation: 1
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    #1

    Jun 12, 2012, 05:34 PM
    how to solve for par value
    a bond has a $1000 par value and a contract or coupon interest rate of 10.7%. The bonds have a current market value of $1, 123 and will mature in 10 years. The firms marginal tax rate is 34%.
    ArcSine's Avatar
    ArcSine Posts: 969, Reputation: 106
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    #2

    Jun 13, 2012, 12:13 PM
    I would solve for par value by noting that the given info states "a bond has a $1,000 par value."

    Perhaps you needed to solve for a different variable (the bond's yield or IRR, say)? If so, post back in---with your attempts at arriving at the solution, natch---and a little bit o' guidance will be forthcoming.

    Memorize the sequence of events: You show your work → You receive help. Perusal of other homework posts reveals a consistent truth: Questions that don't include a display of some effort get less attention than a No Spitting sign in a baseball dugout.
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