Question
Rolling Company bonds have a coupon rate of 6.00 percent, 24 years to maturity, and a current price of $1,186. What is the YTM? (Do
Rolling Company bonds have a coupon rate of 6.00 percent, 24 years to maturity, and a current price of $1,186. What is the YTM? (Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places.) For this question, you will need to use a financial calculator. You may use yours or the following web-based financial calculator: http://www.fncalculator.com/financialcalculator?type=tvmCalculator
reat Wall Pizzeria issued 5-year bonds one year ago at a coupon rate of 6.5 percent. If the YTM on these bonds is 8.7 percent, what is the current bond price? (Do not round intermediate calculations. Round your answer to 2 decimal places.)
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