Sean Corporation's bonds carry a 7% coupon rate, pay coupons semiannually, and mature in 2 years. Similar bonds have a yield of 6%. What is the CURRENT YIELD for Sean Corporation's bonds ?

Embun Berhad has a level-coupon bond with a 9% coupon rate and is paid annually. The bond has 20 years to maturity and a face value of RM1,000; similar bonds currently yield 7%. By prior agreement the company will skip the coupon interest payments in years 8, 9, and 10. These payments will be repaid, without interest, at maturity. What is the bond's current value?

Mellon Corporation has bonds outstanding on the market with 15 years to maturity. The bonds have the following information: a YTM of 6%, a par value of $1,000, and a current price of $1,125. The bonds make quarterly payments. What is the coupon rate on these bonds?

McCue Inc.'s bonds currently sell for $1,250. They pay a $120 quarterly coupon, have a 15.5 semesters maturity, and a $1,000 par value, but they can be called in 5.25 years at $1,050. What is the difference between this bond's YTM and its YTC?

Jones and Jones Co. issued 15-year bonds a year ago at a coupon rate of 4.1 percent. The bonds make semiannual payments and have a par value of $1,000. If the YTM on these bonds is 4.5 percent, what is the current bond price?

Elliot Enterprises' bonds currently sell for $1,150; have an 11% coupon interest rate and a $1,000 par value, pay interest annually, and have18 years to maturity. (i) Calculate the bonds' current yield (ii) Calculate the bonds' yield to maturity (YTM). (iii) Compare the YTM calculated in part (ii) to the bonds' coupon interest rate and current yield calculated in part (i). Use a comparison of the bonds' current price and par value to explain these differences.

Nikita Enterprises has bonds on the market making annual payments, with 14 years to maturity, a par value of $1,000, and selling for $953. At this price, the bonds yield 9.4 percent. What must the coupon rate be on the bonds?

Ytm

Yan Yan Corporation has a $4,000 par value bond outstanding with a coupon rate of 4.1 percent paid semiannually and 15 years to maturity. The yield to maturity on this bond is 4.3 percent. What is the dollar price of the bond?

Morin Company's bonds mature in 3 years, have a par value of $1000, and make a semiannual coupon of 6%. The market requires an interest rate of 3.08% on these bonds. What is the bond's price?