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Question 7 Homework. Unanswered Suppose you structured a bond deal for Kanye West that paid him $20 million upfront, with future royalties and streaming revenues
Question 7 Homework. Unanswered Suppose you structured a bond deal for Kanye West that paid him $20 million upfront, with future royalties and streaming revenues from his past albums going towards payments to bondholders. Each bond had a face value of $1,000 and a coupon rate of 7.7% with semi-annual coupons. If the bonds have 9 years remaining until maturity and the current yield to maturity is 9.7%, how much is the bond worth? Round to the nearest cent. Numeric Answer: Unanswered 2 attempts left Submit Question 8 Homework. Unanswered A Tesla coupon bond with a face value of $1,000 has a coupon rate of 6% with annual coupons and it will mature in 5 years. If it is currently trading at $813.5, what is its yield-to-maturity? Round to the tenth of a percent(e.g., 4.32% = 4.3) (Hint: Use Excel's "rate" function as explained in the text. Make sure you set the cell to show decimal places.] Numeric
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