Question
1. You find a bond quote online listing a bond's price as 105. The bond's current price is $_______. 2. A 9.5% bond matures in
1. You find a bond quote online listing a bond's price as "105". The bond's current price is $_______.
2. A 9.5% bond matures in 11 years. The bond pays coupons semiannually, and has a YTM of 9.5%. The price of the bond is $_________.
3. A(n) 9.5% bond with 13 years left to maturity has a YTM of 8.5%. The bond's price should be $__________. You should assume that the coupon payments occur semiannually.
4.A 10-year 4.9% coupon bond was issued 2 years ago. Similarly risky bonds are yielding 5%. Assume semi-annual coupon payments. The bond's price should be $___________.
5.. A(n) 8.2% bond matures in 7 years and has a current yield (not YTM) of 5.3%. The bond's current trading price is $________.
Do not round any intermediate work. Round your *final* answer to 2 decimal places (example: 1234.567 = 1234.57). Do not enter the $ sign.
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