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On 3 / 2 5 / 2 0 1 6 , a bond has exactly 1 4 years left until maturity and a YTM of

On 3/25/2016, a bond has exactly 14 years left until maturity and a YTM of 5.6%. The bond has a coupon
rate of 4.0%.5 pts
a. What is the bonds quoted price on 3/25/2016?
b. What is the bonds EAR on 3/25/2016?
c. Exactly eighteen months later the quoted price is 104.855. What would be the bonds YTM and its
current yield given this price?

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