Question
A 25-year maturity bond with face value of $1,000 makes semiannual coupon payments and has a coupon rate of 8%. a. What is the bonds
| A 25-year maturity bond with face value of $1,000 makes semiannual coupon payments and has a coupon rate of 8%. |
| a. | What is the bonds yield to maturity if the bond is selling for $1,010? (Do not round intermediate calculations. Round your answer to 3 decimal places.) |
| Annual yield to maturity | % |
| b. | What is the bonds yield to maturity if the bond is selling for $1,000? (Do not round intermediate calculations.) |
| Annual yield to maturity | % |
| c. | What is the bonds yield to maturity if the bond is selling for $1,210? (Do not round intermediate calculations. Round your answer to 3 decimal places.) |
| Annual yield to maturity | % |
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The Charles Schwab Guide To Finances After Fifty
Authors: Carrie Schwab-Pomerantz, Joanne Cuthbertson
1st Edition
0804137366, 978-0804137362
