Question
A 36-year maturity bond with par value $1,000 makes semiannual coupon payments at a coupon rate of 14%. What is the EQUIVALENT annual yield to
A 36-year maturity bond with par value $1,000 makes semiannual coupon payments at a coupon rate of 14%. What is the EQUIVALENT annual yield to maturity of the bond if the bond sells for $1,080?
A 31-year maturity, 9.5% coupon bond paying coupons semiannually is callable in 7 years at a call price of $1,115. The bond currently sells at a yield to maturity of 8% (4% per half year). What is the bond equivalent (annual) yield to call??
A 36-year maturity bond with par value $1,000 makes semiannual coupon payments at a coupon rate of 14%. What is the EFFECTIVE annual yield to maturity of the bond if the bond sells for $1,080?
What is the duration of a 14% coupon bond making annual coupon payments if it has three years until maturity and a yield to maturity of 12%?
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Practical Financial Management
Authors: William R. Lasher
8th edition
1305637542, 978-1305887237, 1305887239, 978-1305637542
