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4) Bonds issued by Brawndo Inc. bear a l l 48% coupon, payable semiannually. The bonds mature in 15 years and have a $1,000 face
4) Bonds issued by Brawndo Inc. bear a l l 48% coupon, payable semiannually. The bonds mature in 15 years and have a $1,000 face value. Currently the bonds sell for $537.47. What is the yield to maturity? a) 20.25% b) 24.96% c) 22.20% d) 20.21% e) 18.10% Merlins Publications has $1,000 face value bonds which currently sell for S1208. They have a 6.1 5% annual coupon rate. What is the current yield on these bonds? a) 4.58% b) 5.00% c) 5.18% d) 8,70% e) 5.09% 5)
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