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Kiss the Sky Enterprises has bonds on the market making semiannual payments, with 11 years to maturity, and selling for $964. At this price, the
Kiss the Sky Enterprises has bonds on the market making semiannual payments, with 11 years to maturity, and selling for $964. At this price, the bonds yield 3.4 percent. What must the coupon rate be on the bonds? Enter the answer with 4 decimals (e.g. 0.0123)
Grohl Co. issued 18 year bonds 2 years ago at a coupon rate of 7 percent. The bonds make semiannual payments. If the YTM on these bonds is 10 percent, what is the current bond price? Enter the answer with 2 decimals (e.g. 950.45)
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