Question
Calculate the yield to maturity on the following bonds. a. A 8.5 percent coupon (paid semiannually) bond, with a $1,000 face value and 25 years
Calculate the yield to maturity on the following bonds.
a. A 8.5 percent coupon (paid semiannually) bond, with a $1,000 face value and 25 years remaining to maturity. The bond is selling at $910. (Do not round intermediate calculations. Round your answer to 3 decimal places. (e.g., 32.161)) Yield to maturity ?% per year
b. An 5.6 percent coupon (paid quarterly) bond, with a $1,000 face value and 10 years remaining to maturity. The bond is selling at $912. (Do not round intermediate calculations. Round your answer to 3 decimal places. (e.g., 32.161)) Yield to maturity ?% per year
c. An 7.6 percent coupon (paid annually) bond, with a $1,000 face value and 8 years remaining to maturity. The bond is selling at $1,062. (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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