4.) ABC Company has 7 percent semi-annual coupon bonds outstanding with a current market price of $1,023.46,
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Question:
4.) ABC Company has 7 percent semi-annual coupon bonds outstanding with a current market price of $1,023.46, a par value of $1,000, and a yield to maturity of 6.72 percent.
How many years until these bonds mature? Round to the second decimal.
5.) A bond pays a coupon of 7.0% and matures in 5 years. The coupon is paid semi-annually on January 1 and July 1. The bond is trading at a value of 966 on April 30, 2018.
What is the dirty price if the par value is $1000?
DO NOT USE DOLLAR SIGNS OR COMMAS IN YOUR ANSWER.
ROUND ANSWER TO THE NEAREST CENT (2 Decimals).
ST THE NUMBER AS A POSITIVE NUMBER.
Related Book For
Corporate Finance Core Principles And Applications
ISBN: 9781260571127
6th Edition
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Bradford Jordan
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