Question

1. В Bonds - April 2019 Below is information about various bonds as of April 4, 2019, retrieved from www.schwab.com. The par

Please explain how the information in the first table was used to get the answers for the second table in detail.

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Answer #1

Using financial calculator
1.
AMAZON
N=3.875*2
PMT=2.4%*1000/2
FV=1000
PV=-990.70
CPT I/Y=1.327%

Hence, YTM=1.327%*2=2.654%

2.
MACY's
N=10*2
PMT=-6.9%*1000/2
FV=-1000
I/Y=5.925%/2
CPT PV=1072.77979

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