Question
1. Assume a par value of $1,000. Caspian Sea plans to issue a 8.00 year, annual pay bond that has a coupon rate of 12.00%.
1. Assume a par value of $1,000. Caspian Sea plans to issue a 8.00 year, annual pay bond that has a coupon rate of 12.00%. If the yield to maturity for the bond is 12.0%, what will the price of the bond be?
2. The market price of a semi-annual pay bond is $953.42. It has 20.00 years to maturity and a coupon rate of 7.00%. Par value is $1,000. What is the yield to maturity?
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Agua Sangre Life Is What Happens While You Re Making Other Plans
Authors: David Dawei
1st Edition
979-8355381578
