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Question 1 The coupon rate on a bond is 3.14%. The par value of the bond is $1,000. The bond has a maturity of 21

Question 1

The coupon rate on a bond is 3.14%. The par value of the bond is $1,000. The bond has a maturity of 21 years. If today's price of the bond is $737.27, what is the current yield?

Note: Convert your answer to percentage and round off to two decimal points. Do not enter % in the answer box.

Question 2

ABC Inc. recently issued $1,000 par bonds at a 5.25% coupon rate. If the bonds have 15 years to maturity and current price of $1,125, what is the yield to maturity? Assume semi-annual compounding.

Note: Convert your answer to percentage and round off to two decimal points. Do not enter % in the answer box.

Question 3

The coupon rate on a bond is 3.14%. The par value of the bond is $1,000. The bond has a maturity of 21 years. If today's price of the bond is $737.27, what is the current yield?

Note: Convert your answer to percentage and round off to two decimal points. Do not enter % in the answer box.

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