PS24 Q1

The market price of a semi-annual pay bond is $955.78. It has 14.00 years to maturity and a coupon rate of 5.00%. Par value is $1,000. What is the effective annual yield?

Answer format: Percentage Round to: 4 decimal places (Example: 9.2434%, % sign required. Will accept decimal format rounded to 6 decimal places (ex: 0.092434))

Q2-

Assume a par value of $1,000. Caspian Sea plans to issue a 8.00 year, semi-annual pay bond that has a coupon rate of 7.93%. If the yield to maturity for the bond is 8.20%, what will the price of the bond be?

Answer format: Currency: Round to: 2 decimal places.

Q3-

Assume a par value of $1,000. Caspian Sea plans to issue a 26.00 year, semi-annual pay bond that has a coupon rate of 10.00%. If the yield to maturity for the bond is 10.0%, what will the price of the bond be?

Answer format: Currency: Round to: 2 decimal places.