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1. Find the yield to maturity on a semiannual coupon bond you are thinking of buying today. The bond price is $1128, the coupon rate

1. Find the yield to maturity on a semiannual coupon bond you are thinking of buying today. The bond price is $1128, the coupon rate is 6.5%, the face value is $1000, and was issued on Aug 15, 2013, maturing in 13 years.

2 a.

What is the duration of the following bonds (round to two decimal places)

Terms:

Bond A

Bond B

Bond C

Bond D

Settlement Date:

4/15/2020

4/15/2020

4/15/2020

4/15/2020

Issue Date:

12/15/2015

6/1/2018

9/15/2012

3/1/2019

Maturity Date:

12/15/2035

6/1/2023

9/15/2042

3/1/2029

Par Value (% of Par):

100.00

100.00

100.00

100.00

Price Now (% of Par):

Coupon Rate:

5.50%

2.85%

(zero-coupon)

2.75%

Current Yield:

3.62%

1.9%

2.5%

2.11%

Coupon Pmt Frequency:

2 (Semi-annual)

2 (Semi-annual)

2 (Semi-annual)

2 (Semi-annual)

b. What is the modified duration of the bonds in the previous section (round to two decimal places)

1. _________

2. _________

3. _________

4. _________

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