Question: Problem 11: Micron issues a 9% coupon bond with a maturity of 5 years and monthly interest payments. The face value of the bond, payable

Problem 11: Micron issues a 9% coupon bond with a maturity of 5 years and monthly interest payments. The face value of the bond, payable at maturity, is $1000. What is the value of this bond if your required rate of return is 12% Problem 12: What is the YTM of a bond that has a current price of $1128, coupon rate of 7.3%, $1000 par value, interest paid semi-annually, and nine years to maturity?
NPER 60 NPER 9
RATE (Coupon) 9.00% RATE (Coupon) 7.30%
PV (Coupon Price) 90 PV (Coupon Price) 1,000
PMT 8 PMT 73
RATE (Market Rate) 12% RATE (Market Rate) ?
PV (Market Price) ? PV (Market Price) 1,128
FV 1,000 FV 1,000
Compounding Periods 60 Compounding Periods 2
Compute ? -$1,000.00 Compute ? -5.48%

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