Do the Math 14 6 Yield, Price, and YTM A corporate bond maturing in 15 years with a coupon rate of 8 9 percent was purchased for $980 and it now selling for $1,030 What is its current yield Round your answer to one decimal place What will be its selling price in two years if comparable market interest rates drop 2 9 percentage points (Hint Use Appendix A 2 and Appendix A 4 or the Garman Forgue companion website ) Round Present Value of a Single Amount and Present Value of Series of Equal Amounts in intermediate calculations to four decimal places Round your answer to the nearest cent $ Calculate the bond's YTM using Equation 14 5 or the Garman Forgue companion website Round your answer to two decimal places

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Do the Math 14 6 Yield, Price, and YTM A corporate bond maturing in 15 years with a coupon rate of 8 9 percent was purchased for $980 and it now selling for $1,030  What is its current yield  Round your answer to one decimal place    What will be its selling price in two years if comparable market interest rates drop 2 9 percentage points  (Hint  Use Appendix A 2 and Appendix A 4 or the Garman Forgue companion website ) Round Present Value of a Single Amount and Present Value of Series of Equal Amounts in intermediate calculations to four decimal places  Round your answer to the nearest cent  $ Calculate the bond's YTM using Equation 14 5 or the Garman Forgue companion website  Round your answer to two decimal places

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Do the Math 14-6 Yield, Price, and YTM A corporate bond maturing in 15 years with a coupon rate of 8.9 percent was purchased for

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