QUESTION 33

1. Find the yield to maturity (YTM) for a 15-year, 8% annual coupon rate, and $1,000 par value bond if the bond sells for $1,208 currently? We assume that interest is paid on this bond semiannually.

   		5.89%
   		6.84%
   		7.55%
   		8.72%

5 points

QUESTION 34

1. Using the information from Question 33, calculate the bonds current yield.

   		6.35%
   		6.62%
   		7.22%
   		7.08%

5 points

QUESTION 35

1. Using the information from Question 33 and 34, calculate the bonds capital gain yield.

   		-0.39%
   		-0.56%
   		-0.73%
   		1.18%