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A bond has a $1,000 par value, 12 years to maturity, and an 8% annual coupon and sells for $980. What is its yield to
A bond has a $1,000 par value, 12 years to maturity, and an 8% annual coupon and sells for $980.
- What is its yield to maturity (YTM)? Round your answer to two decimal places.
8.27 %
- Assume that the yield to maturity remains constant for the next four years. What will the price be 4 years from today? Do not round intermediate calculations. Round your answer to the nearest cent.
$ 983.32
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Nesmith Corporation's outstanding bonds have a $1,000 par value, an 11% semiannual coupon, 15 years to maturity, and a 15% YTM. What is the bond's price? Round your answer to the nearest cent.
$ 766.11
All of these answers are marked correct on my homework but when I enter them into excel my answer for b is 984.69 and my answer for c is 763.79 am i doing something wrong? or is the answer wrong? Thanks.
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