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PLEASE ANSWER ALL QUESTIONS. You paid $1,103 for a corporate bond that has a 11.80 percent coupon rate. What is the bond's current yield? Round
PLEASE ANSWER ALL QUESTIONS.
You paid $1,103 for a corporate bond that has a 11.80 percent coupon rate. What is the bond's current yield? Round the answer to two decimal places in percentage form. (Write the percentage sign in the "units" box) What is the value of a bond that has a par value of $1,000, a coupon rate of 9.52 percent (paid annually), and that matures in 26 years? Assume a required rate of return on this bond is 9.14 percent. Round the answer to two decimal places. General Mills has a \$1,000 par value, 19-year to maturity bond outstanding with an annual coupon rate of 11.61 percent per year, paid semiannually. Market interest rates on similar bonds are 8.73 percent. Calculate the bond's price today. Round the answer to two decimal placesStep by Step Solution
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