CSM Corporation has a bond issue outstanding that has 13 years remaining to maturity and carries...
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CSM Corporation has a bond issue outstanding that has 13 years remaining to maturity and carries a coupon interest rate of 5%. Interest on the bond is paid on a semiannual basis. The par value of the CSM bond is $1,000, and it is currently selling for $819.21. a. What is the bond's yield to maturity? b. What would the price be if the yield to maturity were 2% higher than in part a? c. What would the price be if the yield to maturity were 2% lower than in part a? a. The bond's yield to maturity is %. (Enter as a percentage and round to two decimal places.) CSM Corporation has a bond issue outstanding that has 13 years remaining to maturity and carries a coupon interest rate of 5%. Interest on the bond is paid on a semiannual basis. The par value of the CSM bond is $1,000, and it is currently selling for $819.21. a. What is the bond's yield to maturity? b. What would the price be if the yield to maturity were 2% higher than in part a? c. What would the price be if the yield to maturity were 2% lower than in part a? a. The bond's yield to maturity is %. (Enter as a percentage and round to two decimal places.)
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