Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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A.9% semiannual coupon bond matures in 6 years. The bond has a face value of $1,000 and a current yield of 8.8289 %. What are the bond's price and YTM? (Hint: Refer to Footnote 6 for the definition of the current yield
and to Table 7.1) Do not round intermediate calculations. Round your answer for the bond's price to the nearest cent and for YTM to two decimal places.
Bond's price: $
YTM:
%
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Transcribed Image Text:eBook Problem Walk-Through A.9% semiannual coupon bond matures in 6 years. The bond has a face value of $1,000 and a current yield of 8.8289 %. What are the bond's price and YTM? (Hint: Refer to Footnote 6 for the definition of the current yield and to Table 7.1) Do not round intermediate calculations. Round your answer for the bond's price to the nearest cent and for YTM to two decimal places. Bond's price: $ YTM: %
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