Question
Calculate the yield to maturity on the following bonds. a. A 9.9 percent coupon (paid semiannually) bond, with a $1,000 face value and 24 years
Calculate the yield to maturity on the following bonds. |
a. | A 9.9 percent coupon (paid semiannually) bond, with a $1,000 face value and 24 years remaining to maturity. The bond is selling at $940. (Do not round intermediate calculations. Round your answer to 3 decimal places. (e.g., 32.161)) |
Yield to maturity | % per year |
b. | An 10.4 percent coupon (paid quarterly) bond, with a $1,000 face value and 10 years remaining to maturity. The bond is selling at $906. (Do not round intermediate calculations. Round your answer to 3 decimal places. (e.g., 32.161)) |
Yield to maturity | % per year |
c. | An 9.4 percent coupon (paid annually) bond, with a $1,000 face value and 10 years remaining to maturity. The bond is selling at $1,056. (Do not round intermediate calculations. Round your answer to 3 decimal places. (e.g., 32.161)) |
Yield to maturity | % per year |
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