Question: Chapter #6 Mastery Problems 1) Crazy Inc. has 9 percent coupon bonds on the market that have 11 years left to maturity and a par

Chapter #6 Mastery Problems 1) Crazy Inc. has 9 percent coupon bonds on the market that have 11 years left to maturity and a par value of $1,000. If the bonds make annual payments and the YTM on these bonds is currently 8 percent, what is the current price of these bonds? 2) Bart Industries has bonds on the market making annual payments, with 12 years to maturity, a par value of $1,000 and selling for $1,158.85. At this price the bonds have a YTM of 7%. What is the coupon rate on these bonds

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