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Hi, hope you are well and safe. Please help me find the Solutions to these questions. I provided answer keys I hope it helps... Thank You!!!
20. For a 6% ten-year corporate bond with a par value of $1,000 purchased at $1,080, what is the approximate yield to maturity? (a) (b) (c) (d) 4% 5% 6% 8% ANS: (b) 21. For a 6% ten-year corporate bond with a par value of $1000 purchased at $800, what is the current or effective yield? (a) 6.00% 7.50% (c) 8.89% (d) 10.00% (b) ANS: (b) bloky 22. What is the capital gain on a $1,000 bond issued at $800 sold for $950 after $50 of the original issue discount had accrued? (a) $25 (b) $50 (c) $75 (d) $100 ANS: (d) 23. What is the approximate yield to maturity for a 7%, $1,000 bond purchased for $800 and maturing in ten years? (a) (b) 7% 8% 9% 10% (d) ANS: (d)

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