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. On 1 2 / 1 / 2 0 1 6 , Tyco Intl. ( TYC ) issued a bond with a maturity date of

. On 12/1/2016, Tyco Intl. (TYC) issued a bond with a maturity date of
12/1/2045. The bond offered semiannual coupons (paid on 6/1 and 12/1 of
each year) of $34.75 on a face value of $1000. It is currently 12/1/2023 just
after the coupon is paid and the bond is priced at $1125.50.
a. What is the coupon rate on the bond (expressed as a percentage with
two decimal places)?
b. What is the term of the bond in years on 12/1/2023(expressed as a
whole number)?
c. How many coupons remain to be paid on 12/1/2023, just after the
12/1/2023 coupon is delivered (i.e. do not include the 12/1/2023
coupon)(expressed as a whole number)?
d. What is the yield to maturity that would be typically quoted for the
bond on 12/1/2023, just after the 12/1/2023 coupon is paid (expressed
as a percentage with two decimal places)?

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