Question
G-Tech has an outstanding 20-year bond and the following information is presented to you to answer the two questions below: Today is October 01, 2017.
G-Tech has an outstanding 20-year bond and the following information is presented to you to answer the two questions below: Today is October 01, 2017. Type Issue date Price Coupon rate Maturity date YTM Current yield Rating G-Tech Bond April 01 2003 $833.87 ? 4-01-2023 10% ? AA Assume semi-annual interest payments and par value of the bond of $1,000. Use percentage denomination (% sign) and two decimals. For example, if your answer is 7.256 percent, enter 7.26%
What is the coupon rate for the G-Tech bond?
What is the current yield of this bond?
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Financial Markets and Institutions
Authors: Frederic S. Mishkin, Stanley G. Eakins
8th edition
013342362X, 978-0133423624
