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.
%
a) Bond's price is calculated as:
=Annual coupon/current yield
=80/8.1683%
=979.40
b) YTM:
=RATE(nper,pmt,pv,fv)
=RATE(4*2,8%/2*1000,-979.40,1000)*2
=8.62%
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...
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Problem Walk-Through еВook A 6% semiannual coupon bond matures in 6 years. The bond has a face value of $1,000 and a current yield of 6.9641%. 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: %