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1. What is the annual yield of a 6-year, 6.4% semi-annual coupon-paying bond priced today at $1,190? Par is $1,000. A1 fx C A B

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1. What is the annual yield of a 6-year, 6.4% semi-annual coupon-paying bond priced today at $1,190? Par is $1,000. A1 fx C A B D E 1 S 2 3 4 5 6 7 8 9 10 Coupon Par Cash Flows: Purchase price 0.5 1.0 1.5 2.0 2.5 3.0 3.5 4.0 4.5 5.0 5.5 6.0 Yield 12 13 14 15 16 17 18 19 20 21 22

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