Question
2.) A semiannual coupon bond with face value of $1,000 has a coupon rate of 8% and matures in 13 years. The market-determined discount rate
2.) A semiannual coupon bond with face value of $1,000 has a coupon rate of 8% and matures in 13 years. The market-determined discount rate on this bond is 12%. What is the price of the bond? Round to the penny.
3.)A semiannual coupon bond with a coupon rate of 9% and face value of $1000 trades at $900. It matures in 15 years. What is its yield to maturity (YTM)? Answer in percent and round to two decimal places.
4.)A 5 year semiannual coupon bond with a face value of $1,000 trades at $876. The market-determined discount rate is 8%. What is the coupon rate? Answer in percent and round to two decimal places.
5.)A zero coupon bond with a face value of $1,000 that matures in 9 years sells today for $635. What is the yield to maturity? (Use annual compounding.) Enter in percent to two decimal places.
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