1. You paid $10673 for a 15-year 7 percent coupon bond. If the yield to maturity of the bond is 4.1%, what is the face value (in $) of the bond? Round your answer to at least 2 decimal places.

2. Google is offering a 10-year coupon bond with face value $15,000. The current price of the bond is $13592. If the yield to maturity of the bond is 4.6%, what is the coupon rate (in %) of the bond? Round your answer to at least 2 decimal places.

Answer rating: 100% (QA)

1 To find the face value of the bond we can use the present value formula PV C 1 1 rn r F 1 rn Where ... View the full answer