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A 9% semiannual coupon bond matures in 4 years. The bond has a face value of $1,000 and a current yield of 9.0059%. What are
A 9% semiannual coupon bond matures in 4 years. The bond has a face value of $1,000 and a current yield of 9.0059%. What are the bond's price and YTM? (Hint: Refer to Footnote 6 for the definition of the current yield and to Table 7.1) Do not round intermediate calculations. Round your answer for the bond's price to the nearest cent and for YTM to two decimal places. Bond's price: $ YTM: % You are considering a 10-year, $1,000 par value bond. Its coupon rate is 9%, and interest is paid semiannually. If you require an "effective" annual interest rate (not a nominal rate) of 7.1225%, how much should you be willing to pay for the bond? Do not round intermediate calculations. Round your answer to the nearest cent. $
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