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Urgent! 16. Stingray Supplies has a 6.75 percent coupon bond outstanding that matures in 10.5 years, The bond pays interest semiannually. What is the market
Urgent!
16. Stingray Supplies has a 6.75 percent coupon bond outstanding that matures in 10.5 years, The bond pays interest semiannually. What is the market price per bond if the face value is $1,000 and the yield to maturity is 7.2 pereent? Remember to show all work and list financial calculator ioputs to receive credit. ( 5 points) a. $903.42 b. $967.24 c. $1,007.52 d. 51,198,47 17. GetGom has a bond with a par value of $1,000 that sells for $1,963.46, The bond has a coupon rate of 6.81 pereent and matures in 23 years. If the bond makes semiannual coupon payments, what is the YTM of the bond? Remember to show all work and list financial calculator inputs to receive credit. ( 5 poinfs) Step by Step Solution
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