Question: please answer the 2 questions .. 3) JCT Inc. just issued $1,000 par 30-year bonds. The bonds sold for $638.18 and pay interest semiannually. Investors
please answer the 2 questions ..
3) JCT Inc. just issued $1,000 par 30-year bonds. The bonds sold for $638.18 and pay interest semiannually. Investors require a rate of 10% on the bonds. What is the bonds' coupon rate?
8) In 2000 J&M Inc. issued bonds with a 7 percent coupon rate and a $1,000 face value. The bonds mature on July 1, 2025. If an investor purchased one of these bonds on July 1, 2012, determine the yield to maturity if the investor paid $1,260 for the bond.
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
