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23. Exactly three years ago, Marianna bought a twenty-year, $5000 par value bond that has 5.5% coupon rate and semi-annual payments. She paid $5448.25 for
23. Exactly three years ago, Marianna bought a twenty-year, $5000 par value bond that has 5.5% coupon rate and semi-annual payments. She paid $5448.25 for the bond. If the yield to maturity on this bond is currently 4.9%, 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% ? 25. What is the yield to maturity (YTM) of a $1000 par value bond that current sells for $888.42, assuming that the bond has a coupon rate of 6.4% (annual payments) and 16 years remaining to maturity
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