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Bond Calculations Face value = $1,000 Interest payments are semi-annual Coca-Cola Enterprises has a 6-year, 6.75% bond with a yield to maturity of 5.3%. What

Bond Calculations

Face value = $1,000 Interest payments are semi-annual

Coca-Cola Enterprises has a 6-year, 6.75% bond with a yield to maturity of 5.3%.

What is the price of the bond?

Is the bond selling at a premium or a discount?

What is the current yield on this bond?

Ford Motor has a 16-year, 8.9% bond issue selling for $1,402.11.

What is the yield to maturity on this bond?

Is the bond selling at a premium or a discount?

What is the current yield on this bond?

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