12 What is the bond equivalent yield on a $8 million commercial paper issue that currently sells at 98.5 percent of its face value and is 142 days from maturity?

Do not round intermediate calculations.

34. A $1,000 face value corporate bond with a 9.8 percent coupon (paid semiannually) has 5 years left to maturity. It has had a credit rating of BBB and a yield to maturity of 8 percent. The firm recently became more financially stable and the rating agency is upgrading the bonds to A. The new appropriate discount rate will be 6 percent. What will be the change in the bonds price in dollars? Round your answers to zero decimal places.

40. Calculate the effective annual return on fed funds that are 3 days from maturity and have a quoted yield of 0.75 percent.

Seleccione una:

.2535%

.2538%

1.2535%

.763%

.51%

none of the above