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You purchased a bond 2 years ago for $1,000.00. Today the bond is priced at $984.50, and it matures in 28 years. The bond provides a 7% coupon and pays interest semi-annually. Assuming a par value of $1,000, what is the Yield to Maturity on this bond? 6.20% 6.84% 6.34% 7.13% 6.63% Previous Page Next Page Page 5 of 8 Question 6 (10 points) 4) Listen Stingray Corporation's 11% bonds have a par value of $1,000 and pay interest annually. The bonds mature in 40 years. What is the percentage change in the price of this bond if the market yield to maturity falls to 9.5% from the current rate of 10 percent? -5.50% -4.79% 5.09% 5.50% -5.35% Question 7 (10 points) 4) Listen Sailfish Corp has a bond issue outstanding that pays a 5.85 percent coupon and matures in 5 years. The bonds have a par value of $1,000 and a market price of $878.10. Interest is paid semiannually. What is the yield to maturity? 9.19% 9.68% 8.93% 9.37% 9.81% Industrial Industries offers a 8.5 percent coupon bond with annual payments. The yield to maturity is 9.42 percent and the maturity date is 12 years from today. What is the market price of this bond if the face value is $1,000? $1,066.46 $935.49 $1,103.88 $1,000.98 $1,029.04