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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

  1. 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

  1. 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

  1. How many periods are left until the bond matures? (Round to the nearest whole number.)

3

11

  1. What is the current bond price? (Round to two decimals, do not include dollar sign.)

5

12

  1. What is the bond trading at?

    a.

    Par

    b.

    Not enough information

    c.

    Premium

    d.

    Discount

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