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An XYZ April 2045 bond with a 9.75 percent coupon interest rate and a par value of $1,000 recently had a price of 102.575 Calculate

  1. An XYZ April 2045 bond with a 9.75 percent coupon interest rate and a par value of $1,000 recently had a price of 102.575

Calculate the following:

  1. When will the bond mature?

  1. How much would you have to pay to purchase this bond?

  1. What is the current yield, assuming a price of 102.52?

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