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15, A zero-coupon bond has a yield to maturity of 9% and a par value of $1,000 if the bond matures in eight years, the
15, A zero-coupon bond has a yield to maturity of 9% and a par value of $1,000 if the bond matures in eight years, the bond should sell for a price of A. $422.41 B. $501.87 C. $513.16 D. $483 49 today 16. A coupon bond pays interest semi-annually, matures in five years, has a par value of $1,000,a coupon rate of 12%, and an effective annual yield to maturity of 10.25% The price the bond should sell for today is A. $922.77 B. $924.16 C. $1,075.80. D. $1,077.20 Th e heed has a Yield to Maturity (YTM) of 42%
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