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I need a clear answer by using the calculator Q3) Davis & Davis issued $1,000 par value bonds at $1020. The bonds pay 12% interest
I need a clear answer by using the calculator
Q3) Davis & Davis issued $1,000 par value bonds at $1020. The bonds pay 12% interest annually and mature in 30 years. The market rate of interest is (round to the nearest hundredth of a percent): A) 12.00% B) 11.76%. C) 10.12%. D) 11.29% of Q4) What is the yield to maturity of a nine-year bond that pays a coupon rate of 20% per year, has a $1,000 par value, and is currently priced at $1,407? Round your answer to the nearest whole percent and assume annual coupon payments. A) 5% B) 14% C) 12% D) 11% Step by Step Solution
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