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23 and 24 23. Exactly three years ago, Marianna bought a twenty-year, $5000 par value bond that has 6.5% coupon rate and semi-annual payments. She

23 and 24
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23. Exactly three years ago, Marianna bought a twenty-year, $5000 par value bond that has 6.5% coupon rate and semi-annual payments. She paid $3148.25 for the bond. If the yield to maturity on this bond is currently 74%, how much will Mary receive for her next coupon payment that she expects to receive exactly 6 months from today? 24. What is the equilibrium price of a $1000 par value bond with a 8.35% coupon rate (annual payments) that matures in 28 years, assuming that this bond's yield to maturity (YTM) is 6.85%? 1999 12 arcumin

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