Question: QUESTION 4 What is the yield on a 18-year bond that pays a semi-annual coupon of $20 and sells for $1000. Answer as a percent.

QUESTION 4

What is the yield on a 18-year bond that pays a semi-annual coupon of $20 and sells for $1000. Answer as a percent.

QUESTION 5

A bond has a coupon rate of 5.8% and pays coupons annually. The bond matures in 23 years and the yield to maturity on similar bonds is 3.7%. What is the price of the bond?

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