Question
1. Consider the following bond where the coupons are paid semi-annually, Bond CIBC Price $1,099.5 YTM 12% Years to maturity 11 years What is the
1.Consider the following bond where the coupons are paid semi-annually,
Bond CIBC
Price $1,099.5
YTM 12%
Years to maturity 11 years
What is the coupon rate of this bond? Enter your answer as a percentage.Enter your answer to 2 DECIMAL PLACES.
2. What is the price of a bond with a coupon rate of 7%, payable semi-annually, a face value of $1000, 10 years to maturity, and a yield to maturity of 7.3%? Enter your answer to 2 DECIMAL PLACES.
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Advanced Financial Accounting
Authors: Richard Lewis, David Pendrill
7th Edition
0273658492, 978-0273658498
