Valting Bonds LL02] Even though most corporate bonds in the United States make coupon payments semiannually, bonds issued elsewhere often have annual coupon payments. Suppose a German company issues a bond with a par value of 1,000, 27 years to maturity, and a coupon rate of 3.6 percent paid annually. If the yield to maturity is 3.2 percent, what is the current price of the bond in euros? Bond Yields Lo2] A Japanese company has a bond outstanding that sells for 96.318 percent of its F100,000 par value. The bond has a coupon rate of 3.4 percent paid annually and matures in 16 years. What is the yield to maturity of this bond? Compon Rates (L02] Nikita Enterprises has bonds on the market making annual payments, with eight years to maturity, a par value of S1,000, and selling for $962. At this price, the bonds yield 5.1 percent. What must the coupon rate be on the bonds? Bond Prices L02] Westco Co. issued 15 year bonds a year ago at a coupon rate of 5.4 percent. The bonds make semiannual payments and have a par value of S1,000. If the YTM on these bonds is 4.5 percent, what is the current price of the bond in dollars? Bond Yields (L02] Ashburn Corp. issued 25 year bonds two years ago at a coupon rate of 5,6 percent. The bonds make semiannual payments. If these bonds currently sell for 97 percent of par value, what is the YTM? Coupon Rates [ LO2] Draiman Corporation has bonds on the market with 14.5 years to maturity, a YTM of 5.3 percent, a par value of $1,000, and a current price of $987. The bonds make semiannual payments. What must the coupon rate be on these bonds? Zero Coupon Bonds [102] You find a zero coupon bond with a par value of $10,000 and 24 years to maturity. If the yield to maturity on this boud is 4.2 percent. what is the dollar price of the bond? Assume semiannual compounding periods. Valning Bonds (102) Yan Yan Corp. has a $2.000 par value bond outstanding with a coupon rate of 4.7 percent paid semiannually and 13 years to maturity. The yield to maturity of the bond is 5.05 percent. What is the dollar price of the bond