Bonds issued by Sizzle Cleaners were priced at $1,096.00 six months ago. The bonds pay semi-annual coupons, have a coupon rate of 7.37%, just made payment, and have a face value of $1,000.00. If the bonds had a percentage return over the past 6 months (from 6 months ago to today) of 8.21 % , then- ield of the bonds today? O 6.41% (plus or minus 2 bps) O 3.21% (plus or minus 2 bps) O 6.72% (plus or minus 2 bps) O 3.36% (plus or minus 2 bps) O none of the answers are within 2 bps of the correct answer

Bonds issued by Sizzle Cleaners were priced at $1,096.00 six months ago. The bonds pay semi-annual coupons, have a coupon rate of 7.37%, just made payment, and have a face value of $1,000.00. If the bonds had a percentage return over the past 6 months (from 6 months ago to today) of 8.21 % , then- ield of the bonds today? O 6.41% (plus or minus 2 bps) O 3.21% (plus or minus 2 bps) O 6.72% (plus or minus 2 bps) O 3.36% (plus or minus 2 bps) O none of the answers are within 2 bps of the correct answer

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

Section: Chapter Questions

Problem 1PS

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Assume all bonds have a face value or par value of 1,000
One year ago, Cristine. issued 6-year 7.5% annual coupon bonds at their face value of £1,000. Today yield to maturity of this bond is 5.5%. What is the current price of the bonds, given that they now have 5 years to maturity?
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Play store co issued 10 year bonds one year aho at a coupon rate of 2.4%. The bons make monthly payments. If the YTM of the bonds is 4.8%, what is the current bond price
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Suppose that General Motors Acceptance Corporation issued a bond with 10 years until maturity, a face value of $1,000, and a coupon rate of 7.6% (annual payments). The yield to maturity on this bond when it was issued was 5.7%. What was the price of this bond when it was issued? www When it was issued, the price of the bond was $. (Round to the nearest cent.)
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