Question
1.You purchase a bond with an clean price of $903. The bond has a coupon rate of 3 percent, and there are 1 months to
1.You purchase a bond with an clean price of $903. The bond has a coupon rate of 3 percent, and there are 1 months to the next semiannual coupon date. What is the dirty price of the bond? Enter the answer with 2 decimals (e.g. 954.23).
2. Ackerman Co. has 11 percent coupon bonds on the market with 9 years left to maturity. The bonds make semiannual payments. If the bond currently sells for $1,035.16, what is its YTM? Answer with 4 decimals (e.g. 0.0123)
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Corporate Finance Core Principles And Applications
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Bradford Jordan
6th Edition
1260571122, 978-1260571127
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