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15. Part A A semiannual coupon bond with 4% coupon rate has a par value of $100, matures in 5 years, and is selling today

15.

Part A

A semiannual coupon bond with 4% coupon rate has a par value of $100, matures in 5 years, and is selling today at $87.14. The yield to maturity on this bond is A)7.1% B)7.2% C)9.5% D)9.6%

Part B

Calculate the price of a 8-yr 10% semiannual bond with a par value of $100 and 6% yield to maturity (interest rate). Nearest 2 decimal points

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