Question
I need this now please. I have tried to work this and came up wrong twice I have only 1 more chance to get this
I need this now please. I have tried to work this and came up wrong twice I have only 1 more chance to get this right.
1- Springfield Nuclear Energy Inc. bonds are currently trading at $1,000.00. The bonds have a face value of $1,000, a coupon rate of 6.5% with coupons paidannually, and they mature in 15 years. What is the yield to maturity of thebonds?
The yield to maturity of the bonds is________ % (Round to two decimalplaces.)
2- Beam Inc. bonds are trading today for a price of $438.31. The bond pays annual coupons with a coupon rate of 3% and the next coupon is due in one year. The bond has a yield to maturity of 8.75%. How many years are there until the bondmatures?
The number of years until the bond matures is________ years. (Round to the nearest whole
number.)
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