a)
current yield = annual coupon payment/current price
= 86/1071
= 8.03%
b)
YTM = RATE(number_of_periods, payment_per_period, present_value, [future_value], [end_or_beginning], [rate_guess]) * 2
= RATE(40,43,-1071,1000) * 2
= 7.89%
c)
effective annual yield
= (1+ 8.03%/2)^2 - 1
= 8.19%
Bourdon Software has 8.6 percent coupon bonds on the market with 20 years to maturity. The...
Workman Software has 10 percent coupon bonds on the market with 19 years to maturity. The bonds make semiannual payments and currently sell for 107.8 percent of par. a. What is the current yield on the bonds? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) b. What is the YTM? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)...
Bart Software has 9 percent coupon bonds on the market with 25 years to maturity. The bonds make semiannual payments and currently sell for 111.75 percent of par. a. What is the current yield on the bonds? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) b. What is the YTM? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)...
Workman Software has 9.2 percent coupon bonds on the market with 18 years to maturity. The bonds make semiannual payments and currently sell for 106.8 percent of par. a. What is the current yield on the bonds? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) b. What is the YTM? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)...
Bart Software has 8.5 percent coupon bonds on the market with 24 years to maturity. The bonds make semiannual payments and currently sell for 110.5 percent of par. a. What is the current yield on the bonds? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) b. What is the YTM? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)...
Bart Software has 8.7 percent coupon bonds on the market with 22 years to maturity. The bonds make semiannual payments and currently sell for 111 percent of par. a. What is the current yield on the bonds? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) b. What is the YTM? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)...
3. Hacker Software has 10.4 percent coupon bonds on the market with 16 years to maturity. The bonds make semiannual payments and currently sell for 108 percent of par. What is the current yield on the bonds? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Current yield % What is the YTM? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)...
Hacker Software has 11.2 percent coupon bonds on the market with 20 years to maturity. The bonds make semiannual payments and currently sell for 108.4 percent of par. Please show work (prefer EXCEL)- I can't seem to get this correct and I want to understand what I am doing wrong. What is the effective annual yield? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
West Corp. issued 20-year bonds two years ago at a coupon rate of 8.6 percent. The bonds make semiannual payments. If these bonds currently sell for 107 percent of par value, what is the YTM? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
Oak Bay Software has 10.4% coupon bonds on the market with 18 years to maturity. The bonds make semiannual payments and currently sell for 108.0% of par. What is the YTM? (Do not round intermediate calculations. Round the final answer to 2 decimal places.) Үтм What is the effective annual yield? (Do not round intermediate calculations. Round the final answer to 2 decimal places.) Effective annual yield %
C Suppose The Following X Keiso_SOLNcho9.docx C Inbox (1.014) - madelin Maddyfa19SemAtAlar x → c e zto.mheducation.com/hm.tpx < Question 10 (of 15) 10. 10.00 points Bourdon Software has 9 percent coupon bonds on the market with 20 years to maturity. The bonds make semiannual payments and currently sell for 107.3 percent of par What is the current yield on the bonds? (Do not round Intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g. 32.16.) Current...