Question: Compute the yield to maturity for a zero coupon bond with a maturity of 9 years and a face value of $1000. The bond is


Compute the yield to maturity for a zero coupon bond with a maturity of 9 years and a face value of $1000. The bond is selling for $537.41. (Assume annual discounting.) (Round to 100th of a percent and enter as a percentage, e.g. 12.34% as 12.34 ) Answer: Compute the current yield on a bond with a yield to maturity of 10.3%, a par value of $1000, a coupon rate of 6.0% paid semi-annually, a remaining life of 18 years? (Round to 100th of a percent and enter as a percentage, e.g. 12.34\% as 12.34 and state as an annual rate.) Answer: Mickey and Minnie just bought a zero coupon bond for $640.55, but they cannot recall when it matures. The yield to maturity equals 5.4%. Can you help Mickey and Minnie? The bond's face value is $1000. (Assume annual discounting) (Enter your answer in years and round to 2 decimal places.)
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