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1. 2. What is the price of a 5-year, 9.0% semi-annual coupon bond with $1,000 face value if the yield to maturity on similar bonds
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What is the price of a 5-year, 9.0% semi-annual coupon bond with $1,000 face value if the yield to maturity on similar bonds is 4.0%? Round to the nearest cent. Numeric Answer: An Apple annual coupon bond has a coupon rate of 3.0%, face value of $1,000, and 4 years to maturity. If its yield to maturity is 3.0%, what is its Modified Duration? Answer in years, rounded to three decimal places. Numeric 2.
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