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1 . Even though most corporate bonds in the United States make coupon payments semiannually, bonds issued elsewhere often have annual coupon payments. Suppose a

1. Even though most corporate bonds in the United States make coupon payments semiannually, bonds issued elsewhere often have annual coupon payments. Suppose a German company issues a bond with a par value of 1,000,25 years to maturity, and a coupon rate of 6.3 percent paid annually. If the yield to maturity is 7.4 percent, what is the current price of the bond? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g.,32.16.)
2. Locate the Treasury issue in Figure 7.5 maturing in February 2043. Assume a par value of $10,000.
a. What is its coupon rate? (Enter your answer as a percent rounded to 3 decimal places, e.g.,32.161.)
b. What is its bid price in dollars? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g.,32.16.)
c. What was the previous days asked price in dollars? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g.,32.16.)

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