Question
1.Ghost Rider Corporation has bonds on the market with 10 years to maturity, a YTM of 5.1 percent, and a current price of $950. What
1.Ghost Rider Corporation has bonds on the market with 10 years to maturity, a YTM of 5.1 percent, and a current price of $950. What must the coupon rate be on the companys bonds? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.)
2.May Industries has a bond outstanding that sells for $937. The bond has a coupon rate of 5.3 percent and 24 years until maturity. What is the yield to maturity of the bond? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.)
3.A bond with a maturity of 15 years sells for $1,028. If the coupon rate is 6.6 percent, what is the yield to maturity of the bond?
4.A bond has a coupon rate of 6.5 percent and 6 years until maturity. If the yield to maturity is 7.2 percent, what is the price of the bond?
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