1) Provide the price to a semiannual bond that has a coupon rate of 12.5%, face value of $1,000, YTM of 12%, and matures in 16 years. Provide the value as a positive number.

2) Given the information in question 1, what would the YTM be if all other variables were the same and the bond value were $1,100? Please provide your answer as a decimal.

Answer rating: 100% (QA)

1 To calculate the price of the semiannual bond we can use the p... View the full answer