Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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- A bond sells for $1000 and has a coupon rate of 9.04%. What is the bond's yield?arrow_forwardSuppose a five-year, $1,000 bond with annual coupons has a price of $896.24 and a yield to maturity of 6.4%.What is the bond's coupon rate? (round to 3 decimal places)arrow_forwardWhat would happen to the values of the 12%, 15%, and 7% coupon bonds over time if the required return was 9%?arrow_forward
- What is a bond’s current yield if it’s ytm is 10% and it’s current price is 900. It pays coupons of 6% and has 6 years to maturity. Face value is 1000. What is current yield? Current Price is given as 900. What if it was not given?arrow_forwardSuppose a five-year, $1000 bond with annual coupons has a price of $ 898.69 and a yield to maturity of 6.5 %. What is the bond's coupon rate? The bond's coupon rate is enter your response here%. (Round to three decimal places.)arrow_forwardA 10-year, 6.1-percent coupon bond is selling for 102.0 percent of par. What is the bond's market yield if it makes semi-annual coupon payments? (Round answer to 3 decimal places, e.g. 5.795.) Please show and explain your steps in detail and show how to calculate this on a financial calculator as well.arrow_forward
- If possible, please calculate using excel and show formulas. The spot interest rates in the following downward-sloping term structure are: r1 = 4.6%, r2 = 4.4%, r3 = 4.2%, and r4 = 4.0%, r5=2%. Assume face value is $1,000. Calculate bond prices of a 5% coupon bond.arrow_forwardPlease show work without a calculator or excel. In other words the actual equation.arrow_forwardAssume the following yield to maturities: one year YTM 6%, two year YTM 7%, and three year YTM is 5%. A) What is today’s price of a three year zero coupon bond, 1000 par?arrow_forward
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