Question
(5 pts) A 30-year 6% semi-annual coupon bond has a tenor of 18 years and a yield to maturity of 7.2%. If the PAR value
(5 pts) A 30-year 6% semi-annual coupon bond has a tenor of 18 years and a yield to maturity of 7.2%. If the PAR value of the bond is $1000, what is the price of the bond today?
2. (5 pts) A 30-year 6% semi-annual coupon bond has a yield to maturity of 8.1% and a PAR value of $1000. If the current price is 84.0723% of PAR, what must be the tenor, in years?
3. (5 pts) A 30-year 6% semi-annual coupon bond has a PAR value of $1000 and a current price of 103.2121% of PAR. If the tenor of the bond is 14 years, what must the yield to maturity be?
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Fixed Income Markets And Their Derivatives
Authors: Suresh Sundaresan
3rd Edition
0123850517, 978-0123704719
