Question: a) b) please elaborate how you got this and please please please show what formula and steps you used to fill out the formula to

Crayola Corp has an outstanding bond with a coupon rate of 6.3% per year which matures in 2040. If you require a rate of 5.3% per year on this bond, what is the value of the Crayola bond? (Of course the bond is par value $1000 and pays semi- annual coupon payments.) A long term FedEx bond that pays a coupon of 5.74% per year with a maturity of 2038. If the current price of the bonds is $1,010.6, what is the yield to maturity of the bonds? Express your answer as a decimal (5.83% is .0583). NOTE: the answer is approximate so your answer may be slightly off but still correct
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