A bond pays 9% yearly interest in semi-annual payments for 6 years. The current yield on similar bonds is 12%. To determine the market value of this bond, you must a. find the interest factors (IFs) for 12 periods at 12%. b. find the interest factors (IFs) for 6 periods at 9%. c. find the interest factors (IFs) for 6 periods at 6%. d. find the interest factors (IFs) for 12 periods at 6%. 43. What is the approximate yield to maturity for a seven-year bond that pays 11% interest on a $1000 face value annually if the bond sells for $952 a. 10.5% b. 10.6% c. 11.5% d. 12.1% 44. A ten-year bond pays 11% interest on a $1000 face value annually. If it currently sells for $1,195, what is its approximate yield to maturity? a. 9.33% b. 7.94% c. 12.66% d. 8.10%
42. A bond pays 9% yearly interest in semi-annual payments for 6
years. The current yield on similar bonds is 12%. To determine
the market
a. find the interest factors (IFs) for 12 periods at 12%.
b. find the interest factors (IFs) for 6 periods at 9%.
c. find the interest factors (IFs) for 6 periods at 6%.
d. find the interest factors (IFs) for 12 periods at 6%.
43. What is the approximate yield to maturity for a seven-year bond
that pays 11% interest on a $1000 face value annually if the
bond sells for $952
a. 10.5%
b. 10.6%
c. 11.5%
d. 12.1%
44. A ten-year bond pays 11% interest on a $1000 face value
annually. If it currently sells for $1,195, what is its
approximate yield to maturity?
a. 9.33%
b. 7.94%
c. 12.66%
d. 8.10%
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