Question
A 30-year maturity bond with face value of $1,000 makes semiannual coupon payments and has a coupon rate of 10%. a. What is the bonds
| A 30-year maturity bond with face value of $1,000 makes semiannual coupon payments and has a coupon rate of 10%. |
| a. | What is the bonds yield to maturity if the bond is selling for $930?(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 $1,130?(Do not round intermediate calculations. Round your answer to 3 decimal places.) |
| Annual yield to maturity | % |
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Survey Of Economics, Principles, Applications, And Tools
Authors: Arthur O'Sullivan, Steven M. Sheffrin, Stephen J. Perez
5th Edition
0132556073, 978-0132556071
