ZuoTi.Pro
Question

PRICE AND YIELD A 7% semiannual coupon bond matures in 4 years. The bond has a face value of $1,000 and a current yield of 7.

business   finance   
0 0
Add a comment Improve this question Transcribed image text
Next > < Previous
Sort answers by oldest

Homework Answers

Answer #1

Current yield = coupon paid / price 7.4034% =70/price Price = $945.51COUPON RATE 7.00% YEARS TO MATURITY NPER 8 (years to maturity x 2) PMT 35 (face value x coupon rate)/2 FACE VALUE $1,000.00 P

0 0
Add a comment
Know the answer?
Add Answer to:
PRICE AND YIELD A 7% semiannual coupon bond matures in 4 years. The bond has a...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions

  • A 7% semiannual coupon bond matures in 5 years. The bond has a face value of...

    A 7% semiannual coupon bond matures in 5 years. The bond has a face value of $1,000 and a current yield of 7.5026%. What is the bond's price? Do not round intermediate calculations. Round your answer to the nearest cent. $   What is the bond's YTM? (Hint: Refer to Footnote 6 for the definition of the current yield and to Table 7.1) Do not round intermediate calculations. Round your answers to two decimal places.     %

  • A 6% semiannual coupon bond matures in 4 years. The bond has a face value of...

    A 6% semiannual coupon bond matures in 4 years. The bond has a face value of $1,000 and a current yield of 6.6132%. What are the bond's price and YTM? (Hint: Refer to Footnote 6 for the definition of the current yield and to Table 7.1) Do not round intermediate calculations. Round your answer for the bond's price to the nearest cent and for YTM to two decimal places. Bond's price: $ YTM:

  • A 6% semiannual coupon bond matures in 4 years. The bond has a face value of...

    A 6% semiannual coupon bond matures in 4 years. The bond has a face value of $1,000 and a current yield of 6.5996%. What are the bond's price and YTM? (Hint: Refer to Footnote 6 for the definition of the current yield and to Table 7.1) Do not round intermediate calculations. Round your answer for the bond's price to the nearest cent and for YTM to two decimal places. Bond’s price: $ YTM: %

  • 7.12 A 6% semiannual coupon bond matures in 4 years. The bond has a face value...

    7.12 A 6% semiannual coupon bond matures in 4 years. The bond has a face value of $1,000 and a current yield of 6.6497%. What are the bond's price and YTM? (Hint: Refer to Footnote 6 for the definition of the current yield and to Table 7.1) Do not round intermediate calculations. Round your answer for the bond's price to the nearest cent and for YTM to two decimal places. Bond's price: $ YTM:

  • A 6% semiannual coupon bond matures in 6 years. The bond has a face value of...

    A 6% semiannual coupon bond matures in 6 years. The bond has a face value of $1,000 and a current yield of 6.7254%. What are the bond's price and YTM? (Hint: Refer to Footnote 6 for the definition of the current yield and to Table 7.1) Do not round intermediate calculations. Round your answer for the bond's price to the nearest cent and for YTM to two decimal places.

  • An 8% semiannual coupon bond matures in 5 years. The bond has a face value of...

    An 8% semiannual coupon bond matures in 5 years. The bond has a face value of $1,000 and a current yield of 8.2296%. What are the bond's price and YTM? (Hint: Refer to Footnote 6 for the definition of the current yield and to Table 7.1) Do not round intermediate calculations. Round your answer for the bond's price to the nearest cent and for YTM to two decimal places. Bond's price: $ YTM:

  • An 8% semiannual coupon bond matures in 4 years. The bond has a face value of $1,000 and a current yield of 8.1683%. Wh...

    An 8% semiannual coupon bond matures in 4 years. The bond has a face value of $1,000 and a current yield of 8.1683%. What is the bond's price? Do not round intermediate calculations. Round your answer to the nearest cent. $   What is the bond's YTM? (Hint: Refer to Footnote 6 for the definition of the current yield and to Table 7.1) Do not round intermediate calculations. Round your answers to two decimal places.     %

  • An 8% semiannual coupon bond matures in 5 years. The bond has a face value of...

    An 8% semiannual coupon bond matures in 5 years. The bond has a face value of $1,000 and a current yield of 8.1899%. What are the bond's price and YTM? (Hint: Refer to Footnote 6 for the definition of the current yield and to Table 7.1) Do not round intermediate calculations. Round your answer for the bond's price to the nearest cent and for YTM to two decimal places. Bond’s price: $   YTM:   %

  • Problem 7-13 Price and yield An 8% semiannual coupon bond matures in 5 years. The bond...

    Problem 7-13 Price and yield An 8% semiannual coupon bond matures in 5 years. The bond has a face value of $1,000 and a current yield of 8.1503%. What is the bond's price? Round your answer to the nearest cent. What is the bond's YTM? (Hint: Refer to Footnote 7 for the definition of the current yield and to Table 7.1.) Round your answers to two decimal places.

  • eBook Problem Walk-Through A 9% semiannual coupon bond matures in 4 years. The bond has a...

    eBook Problem Walk-Through A 9% semiannual coupon bond matures in 4 years. The bond has a face value of $1,000 and a current yield of 8.9231%. What is the bond's price? Do not round intermediate calculations. Round your answer to the nearest cent. What is the bond's YTM? (Hint: Refer to Footnote 6 for the definition of the current yield and to Table 7.1) Do not round intermediate calculations. Round your answers to two decimal places

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT