a.

b.

c.

Three years ago you purchased a 9% coupon bond that pays semiannual coupon payments for $962. What would be your bond equivalent yield if you sold the bond for current market price of $1,045? Your bond equivalent yield if you sold the bond for current market price is Round to two decimal places. Assume that an investor pays $920 for a long-term bond that carries a coupon of 11%. In 3 years, he hopes to sell the issue for $1,070. If his expectations come true, what yield will this investor realize? (Use annual compounding.) What would the holding period return be if he were able to sell the bond (at $1,070) after only 9 months? The yield will be | % (Round to two decimal places.) A bond is currently selling in the market for $867.54. It has a coupon of 12% and a(n) 20-year maturity. Using annual compounding, calculate the promised yield on this bond. The yield to maturity on the bond is %. (Round to the nearest whole percent.)