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A. Staind, Inc., has 9 percent coupon bonds on the market that have 8 years left to maturity. The bonds make semiannual payments. If the
A. Staind, Inc., has 9 percent coupon bonds on the market that have 8 years left to maturity. The bonds make semiannual payments. If the YTM on these bonds is 11 percent, what is the current bond price? Answer the question with 2 decimals (e.g. 1030.12)
B. Kiss the Sky Enterprises has bonds on the market making semiannual payments, with 6 years to maturity, and selling for $988. At this price, the bonds yield 3.8 percent. What must the coupon rate be on the bonds? Enter the answer with 4 decimals (e.g. 0.0123)
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