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ABC Ltd. is issuing 9-year bonds with a coupon rate of 6.5% and semi-annual coupon payments. The current market rate for similar bonds is 8%.

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ABC Ltd. is issuing 9-year bonds with a coupon rate of 6.5% and semi-annual coupon payments. The current market rate for similar bonds is 8%. What is the price of ABC Ltd. bond? Round your answer to two decimal places. A. $867.53 OB. $905.06 C. $913.06 OD. $1,011.87 E. $915.06 QUESTION 17 Alex purchased a 3-year bond today at $896.34. The bond pays 8.0% coupon semiannually. What will be his yield to maturity? A. 6.12% B. 2.89% C.3.89% OD. 3.88% E. 3.72%

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