Question: how would I do these problems? step by step using Calculator ti84 plus 1) What is the current price of a $1,000 par value bond

how would I do these problems?
step by step using Calculator ti84 plus
how would I do these problems? step by step using Calculator ti84

1) What is the current price of a $1,000 par value bond maturing in 9 years with a coupon rate of 8 percent, paid annually, that has a YTM of 9 percent? A) $700 $945 940 nt D) $1,062 2) What is the approximate yield to maturity for a $1,000 par value bond selling for $1,120 that matures in 6 years and pays 12 percent interest annually? A) 8.5 percent 3 percent C) 12.0 percent D) 13.2 percent 3) What is the current price of a $1,000 par value bond maturing in 12 years with a coupon rate of 14 percent, paid semiannually, that has a YTM of 13 percent? A) $604 B) $1.090 CS1,060 )$1,073 4) Nico Corp issued bonds bearing a coupon rate of 12 percent, pay coupons semiannually, have 3 years remaining to maturity, and are currently priced at $940 per bond. What is the yield to maturity? A) 12.00% B) 13.99% CD4.54% D) 15.25%

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!