Question: You find a zero coupon bond with a par value of $10,000 and 29 years to maturity. The yield to maturity on this bond is
You find a zero coupon bond with a par value of $10,000 and 29 years to maturity. The yield to maturity on this bond is 5.1 percent. Assume semiannual compounding periods. What is the dollar price of the bond?(Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
Draiman Corporation has bonds on the market with 17.5 years to maturity, a YTM of 7.8 percent, a par value of $1,000, and a current price of $1,066. The bonds make semiannual payments. What must the coupon rate be on these bonds? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
Westco Company issued 12-year bonds a year ago at a coupon rate of 8.4 percent. The bonds make semiannual payments and have a par value of $1,000. If the YTM on these bonds is 6.7 percent, what is the current bond price in dollars? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
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