Question
1. Calculate the current price of a $1,000 par value bond that has a coupon rate of 10 percent, pays coupon interest semi-annually, has 18
1. Calculate the current price of a $1,000 par value bond that has a coupon rate of 10 percent, pays coupon interest semi-annually, has 18 years remaining to maturity, and has a current yield to maturity (discount rate) of 9 percent. (Round your answer to 2 decimal places and record without dollar sign or commas).
2. Calculate the current price of a $5,000 par value bond that has a coupon rate of 20 percent, pays coupon interest quarterly (i.e., 4 times per year), has 18 years remaining to maturity, and has a current yield to maturity (discount rate) of 8 percent. (Round your answer to 2 decimal places and record without dollar sign or commas).
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Labour Finance And Inequality
Authors: Suzanne J. Konzelmann, Simon Deakin, Marc Fovargue-Davies, Frank Wilkinson
1st Edition
1138919721, 978-1138919723
