Question
29. A 16 year, semiannual coupon bond sells for $945.32. The bond has a par value of $1,000 and a yield to maturity of 7.14
29. A 16 year, semiannual coupon bond sells for $945.32. The bond has a par value of $1,000 and a yield to maturity of 7.14 percent. What is the bonds coupon rate? A. 6.56 B. 4.92 C. 5.91 D. 3.28 E. 6.23 30. Harpeth Valley Water District has a bond outstanding with a coupon rate of 3.07 percent and semiannual payments. The bond matures in 16 years, with a yield to maturity of 3.75 percent, and a par value of $5,000. What is the market price of the bond? A. 4,606.82 B. 4,596.41 C. 4,593.69 D. 4,600.76 E. 4,685.57 19. Bob has saved $315 each month for the last 6 years to make a down payment on a house. The account earned an interest rate of .41 percent per month. How much money is in Bob's Account? A. 25,176.15 B. 26,320.52 C. 25,659.53 D. 25,412.91 E. 22,680.00
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