Question
Q1) A 4% coupon bond with 6 months remaining until maturity is currently trading at $997.26. Assume semi-annual coupon payments. The bond's YTM is__________%. Do
Q1) A 4% coupon bond with 6 months remaining until maturity is currently trading at $997.26. Assume semi-annual coupon payments. The bond's YTM is__________%. Do not round any intermediate work. Round your *final* answer to 2 decimal places (example: .1234567 = 12.35). Do not enter the % sign. Margin of error for correct responses: +/- .03%.
Q2) A bond with 5 years left to maturity is trading for $995. It pays coupons semiannually. Its YTM is currently 5.1%. The coupon rate for this bond must be ________%.
Do not round any intermediate work. Round your *final* answer to 2 decimal places (example: .1234567 = 12.35). Do not enter the % sign. Margin of error for correct responses: +/- .03%.
Q3) A bond is currently trading at a price of $978. Its "current yield" (not YTM) is 5.4%. The coupon rate on this bond must be _______%.
Do not round any intermediate work. Round your *final* answer to 2 decimal places (example: .1234567 = 12.35). Do not enter the % sign. Margin of error for correct responses: +/- .03%.
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Islamic Finance Law Economics And Practice
Authors: Mahmoud A. El-Gamal
1st Edition
0521864143,0511218117
