A 10-year, 4.5 percent, semiannual coupon bond issued by Tyler Rentals has a $1,000 face value. The
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A 10-year, 4.5 percent, semiannual coupon bond issued by Tyler Rentals has a $1,000 face value. The bond is currently quoted at 100.2 percent of par. What is the clean price of this bond if the next interest payment will occur 2 months from today?
- A. $1,022.50
- B. $1,011.25
- C. $987.00
- D. $994.50
- E. $1,002.00
Chadron bonds have a face value of $1,000 and are currently quoted at 82.644 percent of par. The bonds have a 7 percent coupon rate. What is the current yield on these bonds?
- A. 8.47 percent
- B. 7.67 percent
- C. 7.42 percent
- D. 8.07 percent
- E. 9.03 percent
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