Nikita Enterprises has bonds on the market making semi-annual payments, with 22 years to maturity, a par value of $1,000, and selling for $1,097.08. At this price, the bonds yield 8.72 percent. What must the coupon rate be on the bonds? Answer to four decimal places. e.g. 0.1234
Nikita Enterprises has bonds on the market making semi-annual payments, with 22 years to maturity, a par value of $1,000, and selling for $1,097.08. At this price, the bonds yield 8.72 percent. What must the coupon rate be on the bonds? Answer to four decimal places. e.g. 0.1234
If Treasury bills are currently paying 6.07% and the inflation rate is 2.55%, what is the approximate real rate of interest? Answer to four decimal places. e.g. 0.1234.
Westco Company issued 21-year bonds 3 years ago at a coupon rate of 9.24 percent. The bonds make semiannual payments and have a par value of $1,000. If the YTM on these bonds is 6.45%, what is the current price of the bond in dollars? Do not include a $ in your answer.
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