Question
May Industries has a bond outstanding that sells for $839. The bond has a coupon rate of 5.10 percent and 25 years until maturity. What
May Industries has a bond outstanding that sells for $839. The bond has a coupon rate of 5.10 percent and 25 years until maturity. What is the yield to maturity of the bond? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places. Omit the "%" sign in your response.) Yield to maturity % A bond with a maturity of 18 years sells for $1,058. If the coupon rate is 7.2 percent, what is the yield to maturity of the bond? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places. Omit the "%" sign in your response.) Yield to maturity % A bond with 20 years until maturity has a coupon rate of 7.4 percent and a yield to maturity of 7.5 percent. What is the price of the bond? (Do not round intermediate calculations. Round your answer to 2 decimal places. Omit the "$" sign in your response.) Price of the bond $ A bond has a coupon rate of 8.7 percent and 6 years until maturity. If the yield to maturity is 7.6 percent, what is the price of the bond? (Do not round intermediate calculations. Round your answer to 2 decimal places. Omit the "$" sign in your response.) Price of the bond $
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