A 9% semiannual coupon bond matures in 5 years. The bond has a face value of $1,000 and a current yield of 9.0571%. What is the bond's price? Do not round intermediate calculations. Round your answer to the nearest cent. 2$ What is the bond's 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 answers to two decimal places.

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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A 9% semiannual coupon bond matures in 5 years. The bond has a face value of $1,000 and a current yield of 9.0571%.
What is the bond's price? Do not round intermediate calculations. Round your answer to the nearest cent.
What is the bond's 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
answers to two decimal places.
%
%24
Transcribed Image Text:A 9% semiannual coupon bond matures in 5 years. The bond has a face value of $1,000 and a current yield of 9.0571%. What is the bond's price? Do not round intermediate calculations. Round your answer to the nearest cent. What is the bond's 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 answers to two decimal places. % %24
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