Question: Problem 6-3 Bond Prices [LO 2] Vulcan, Inc., has 7.6 percent coupon bonds on the market that have 9 years left to maturity. The bonds

 Problem 6-3 Bond Prices [LO 2] Vulcan, Inc., has 7.6 percent
coupon bonds on the market that have 9 years left to maturity.

Problem 6-3 Bond Prices [LO 2] Vulcan, Inc., has 7.6 percent coupon bonds on the market that have 9 years left to maturity. The bonds make annual payments and have a par value of $1,000. If the YTM on these bonds is 9.6 percent, what is the current bond price? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Current bond price Problem 6-4 Bond Yields [LO 2] The Petit Chef Co. has 11.6 percent coupon bonds on the market with ten years left to maturity. The bonds make annual payments and have a par value of $1,000. If the bonds currently sell for $1,145.68, what is the YTM? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g. 32.16.) Yield to maturity %

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