The yield to maturity for a 15.00 year STRIPS is 5.89%. If par value is $1,000. then it should sell for $_______.

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Answer format: Currency: Round to: 2 decimal places.

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#2

The market price of a 11.00-year STRIPS is $343.00 The yield to maturity is ____%.

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Answer format: Percentage Round to: -2 decimal places (Example: 0%, % sign required. Will accept decimal format rounded to 0 decimal places (ex: 0))

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#3

A tax-exempt municipal bond has a yield to maturity of 5.17%. An investor, who has a marginal tax rate of 34.00%, would prefer and an otherwise identical taxable corporate bond if it had a yield to maturity of more than ____%.

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Answer format: Percentage Round to: 2 decimal places (Example: 9.24%, % sign required. Will accept decimal format rounded to 4 decimal places (ex: 0.0924))

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#4

The market price of a semi-annual pay bond is $975.28. It has 19.00 years to maturity and a coupon rate of 7.00%. Par value is $1,000. What is the yield to maturity?

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Answer format: Percentage Round to: 4 decimal places (Example: 9.2434%, % sign required. Will accept decimal format rounded to 6 decimal places (ex: 0.092434))

he market price of a semi-annual pay bond is $974.76. It has 17.00 years to maturity and a coupon rate of 5.00%. Par value is $1,000. What is the yield to maturity?

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Answer format: Percentage Round to: 4 decimal places (Example: 9.2434%, % sign required. Will accept decimal format rounded to 6 decimal places (ex: 0.092434))

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#2

The market price of a semi-annual pay bond is $984.34. It has 20.00 years to maturity and a coupon rate of 7.00%. Par value is $1,000. What is the effective annual yield?

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Answer format: Percentage Round to: 4 decimal places (Example: 9.2434%, % sign required. Will accept decimal format rounded to 6 decimal places (ex: 0.092434))

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#3

A tax-exempt municipal bond with a coupon rate of 7.00% has a market price of 98.14% of par. The bond matures in 6.00 years and pays semi-annually. Assume an investor has a 28.00% marginal tax rate. The investor would prefer otherwise identical taxable bond if it's yield to maturity was more than _____%

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Answer format: Percentage Round to: 2 decimal places (Example: 9.24%, % sign required. Will accept decimal format rounded to 4 decimal places (ex: 0.0924))

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#4

A taxable bond with a coupon rate of 9.00% has a market price of 99.47% of par. The bond matures in 9.00 years ans pays semi-annually. Assume an investor has a 30.00% marginal tax rate. The investor would prefer otherwise identical tax-exempt bond if it's yield to maturity was more than _____%

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Answer format: Percentage Round to: 2 decimal places (Example: 9.24%, % sign required. Will accept decimal format rounded to 4 decimal places (ex: 0.0924))