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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Financial Services Sales Handbook A Professionals Guide To Becoming A Top Producer
Authors: Clifton T. Warren
1st Edition
1631574930, 978-1631574931
