Question
World Travel has 7.2 percent, semiannual, coupon bonds outstanding with a current market price of $1,033.46, a par value of $1,000, and a yield to
World Travel has 7.2 percent, semiannual, coupon bonds outstanding with a current market price of $1,033.46, a par value of $1,000, and a yield to maturity of 6.72 percent. How many years is it until these bonds mature? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
The 7.5 percent bonds issued by Modern Kitchens pay interest semiannually, mature in eight years, and have a $1,000 face value. Currently, the bonds sell for $995. What is the yield to maturity? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
You own a bond that pays $73 in interest annually. The face value is $1,000 and the current market price is $1,065.44. The bond matures in 14 years. What is the yield to maturity? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
You are purchasing a 11-year, zerocoupon bond. The yield to maturity is 9.62 percent and the face value is $1,000. What is the current market price? Assume semiannual compounding. (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
Oil Wells offers 7.90 percent coupon bonds with semiannual payments and a yield to maturity of 4.55 percent. The bonds mature in seven years. What is the market price per bond if the face value is $1,000? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
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