Question
1. (5 pts) A 30-year 6% semi-annual coupon bond has a tenor of 12 years and a yield to maturity of 7.000%. If the PAR
1. (5 pts) A 30-year 6% semi-annual coupon bond has a tenor of 12 years and a yield to maturity of 7.000%. If the PAR value of the bond is $1000, what is the price of the bond today? $875.28
2. (5 pts) A 30-year 6% semi-annual coupon bond has a yield to maturity of 8.300% and a PAR value of $1000. If the current price is 85.6177% of PAR, what must be the tenor, in years?
3. (5 pts) A 30-year 6% semi-annual coupon bond has a PAR value of $1000 and a current price of 103.2121% of PAR. If the tenor of the bond is 12 years, what must the yield to maturity be?
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Contemporary Financial Management
Authors: R. Charles Moyer, James R. Mcguigan, William J. Kretlow
9th Edition
032416470X, 9780324164701
