Question
1. (10 pts) A 15-year 6.000% semi-annual coupon bond has a tenor of 12 years and a yield to maturity of 7.750%. In percent of
1. (10 pts) A 15-year 6.000% semi-annual coupon bond has a tenor of 12 years and a yield to maturity of 7.750%. In percent of PAR, what is the price of the bond today?
2. (10 pts) A 30-year 5.000% semi-annual coupon bond has a yield to maturity of 7.250%. If the current price is 83.144% of PAR, what must be the tenor, in years?
3. (10 pts) A 30-year 5.000% semi-annual coupon bond has a current price of 102.222% of PAR.If the tenor of the bond is 14 years, what must the yield to maturity be?
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Principles of Accounting
Authors: Belverd E. Needles, Marian Powers and Susan V. Crosson
12th edition
978-1133603054, 113362698X, 9781285607047, 113360305X, 978-1133626985
