6.

7.

The Putnam Group wants to issue $50 Million of new 20-year bonds. The bonds have a coupon of 4.25%, paid semi-annually. The YTM on similar Putnam bonds is currently 4.5%. What is the total amount of money raised by Putnam from the bond issue? Multiple Choice $48,362,905 $46,776,888 O $49,665,331 O O $50,000,000 Five years after buying the bond issued by The Putnam Group in Question #6, you need to sell. The current YTM at the sale date is 4.0%. What is your sale price per $1,000 bond? Multiple Choice O $1,000 $1,028 O $1,009 O O $1,084 Joel needs to compute the YTM of the following 10-year bond. It has a $10,000 face value, a 4.5% coupon, paid twice a year and it is currently selling in the market for $9,610.27. The YTM is: Multiple Choice 2.5% O O 6.0% O 2.6% O 5.0%