Question: Problem 7-9 Zero Coupon Bonds [LO2] You find a zero coupon bond with a par value of $10,000 and 22 years to maturity. The yield
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Problem 7-9 Zero Coupon Bonds [LO2] You find a zero coupon bond with a par value of $10,000 and 22 years to maturity. The yield to maturity on this bond is 4.4 percent. Assume semiannual compounding periods. What is the price of the bond? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Price Yan Yan Corp. has a $2,000 par value bond outstanding with a coupon rate of 5.1 percent paid semiannually and 29 years to maturity. The yield to maturity on this bond is 4.2 percent. What is the price of the bond? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Price Union Local School District has a bond outstanding with a coupon rate of 3.4 percent paid semiannually and 19 years to maturity. The yield to maturity on this bond is 3.6 percent, and the bond has a par value of $5,000. What is the price of the bond? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Price
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