Question
Intro A corporate bond has 18 years to maturity, a face value of $1,000, a coupon rate of 4.9% and pays interest semiannually. The annual
Intro A corporate bond has 18 years to maturity, a face value of $1,000, a coupon rate of 4.9% and pays interest semiannually. The annual market interest rate for similar bonds is 3.2%. Attempt 1/5 for 10 pts.
Part 1 What is the price of the bond Intro A bond has an annual coupon rate of 3.4%, a face value of $1,000, a price of $883.61, and matures in 10 years. Attempt 3/5 for 6 pts.
Part 1 What is the bond's YTM? Apple has a bond outstanding with an annual coupon rate of 4.2% and a face value of $1,000. The bond matures in 8 years. It currently trades at $948.29. Attempt 2/5 for 8 pts.
Part 1 What is the current yield?
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