Question
Use this information for problems 8-12. Five years ago, Stevie Co., issued bonds with a 25-year maturity with a coupon rate of 6.8%. The bonds
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Use this information for problems 8-12. Five years ago, Stevie Co., issued bonds with a 25-year maturity with a coupon rate of 6.8%. The bonds make semiannual payments, and the yield-to-maturity is 7.5%.
What is the coupon payment per period for these bonds? (Round to two decimal places, do not include dollar sign.)
3
9
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What is the yield-to-maturity per period for these bonds? (Put in percent form without percent sign, round to two decimal places.)
3
10
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How many periods are left until the bond matures? (Round to the nearest whole number.)
3
11
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What is the current bond price? (Round to two decimals, do not include dollar sign.)
5
12
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What is the bond trading at?
a. Par
b. Not enough information
c. Premium
d. Discount
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