Question
Bond valuation Nungesser Corporation's outstanding bonds have a $1,000 par value, a 11% semiannual coupon, 7 years to maturity, and an 10.5% YTM. What is
Bond valuation
Nungesser Corporation's outstanding bonds have a $1,000 par value, a 11% semiannual coupon, 7 years to maturity, and an 10.5% YTM. What is the bond's price? Round your answer to the nearest cent.
Yield to maturity
A firm's bonds have a maturity of 12 years with a $1,000 face value, have an 11% semiannual coupon, are callable in 6 years at $1,209, and currently sell at a price of $1,366.91.
What is their nominal yield to maturity? Round your answer to two decimal places.
What is their nominal yield to call? Round your answer to two decimal places.
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