Question: Mike is considering a $1,000 par value bond for all the following scenarios. A: What Price should Mike pay for this bond if it has
Mike is considering a $1,000 par value bond for all the following scenarios. A: What Price should Mike pay for this bond if it has a 7% coupon rate paid semiannually, the bond is priced to yield 6% and it has 12 years to maturity?
B. What is the YTM if the bond was priced at $828.40, with a semiannual coupon rate of 8%, and 20 years to maturity?
C.How long would it take a bond to mature that pays a 7% annual coupon rate, has a yield to maturity of 9%, priced at $817.42?
D. What is the annual coupon rate on a semiannual bond that has a YTM of 12%, is priced at $587.06, and matures in 15 years?
E. What is the annual coupon payment on a semiannual bond that has a YTM of 12%, is priced at $862.36, and matures in 15 years?
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