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1. A bond has a coupon rate of 7.4% and pays coupons annually. The bond matures in 29 years and the yield to maturity on

1. A bond has a coupon rate of 7.4% and pays coupons annually. The bond matures in 29 years and the yield to maturity on similar bonds is 9.4%. What is the price of the bond?

2. A bond pays a coupon of $52 twice a year. What is the coupon rate? Answer as a percent.

3. What is the coupon rate for the bond? Assume semi-annual payments. Answer as a percent

Bond

Coupon Rate

Yield

Price

t

Apple B

?

5.2%

$990.90

18

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Bond	Coupon Rate	Yield	Price	t
Apple B	?	5.2%	$990.90	18