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4. Dizzy Corp. has bonds outstanding bearing a coupon rate of 15% and par value of $1000. The bonds pay coupons annually, have two years

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4. Dizzy Corp. has bonds outstanding bearing a coupon rate of 15% and par value of $1000. The bonds pay coupons annually, have two years remaining to maturity, and are currently priced at $980 per bond. What is the yield to maturity on the bonds? A) 15.00% B) 15.99% C) 1611/ D) 16-25% E) 16.57% 5. What is the current price of a S 1,000 par value bond maturing in the 12 yrs with a coupon rate of 14% paid quarterly that has YTM of 13%? A) $1,070 B) $604 C) $1000 D) $1090 E) None of the above

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