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PLEASE answer question 1 completely: (1.A , 1.B , and 1.C) IF correct ill be sure to THUMBS UP, thank you! (Excel may need to
PLEASE answer question 1 completely: (1.A , 1.B , and 1.C) IF correct ill be sure to THUMBS UP, thank you! (Excel may need to be used)
Question 1: 1.A) Grohl Co. issued 23 year bonds 1 years ago at a coupon rate of 11 percent. The bonds make semiannual payments. If the YTM on these bonds is 8 percent, what is the current bond price? Enter the answer with 2 decimals (e.g. 950.45) 1.B) You purchase a bond with an clean price of $992. The bond has a coupon rate of 8 percent, and there are 1 months to the next semiannual coupon date. What is the dirty price of the bond? Enter the answer with 2 decimals (e.g. 954.23). 1.C) Ackerman Co. has 11 percent coupon bonds on the market with 9 years left to maturity. The bonds make semiannual payments. If the bond currently sells for $1,035.16, what is its YTM? Answer with 4 decimals (e.g. 0.0123) | Ouestion 7Step by Step Solution
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