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Question 15 A corporate bond pays 8.7 percent interest. You are in the 30 percent tax bracket. What is your after-tax yield on this bond in percent? (Do not include the percent sign (%). Enter rounded answer as directed, but do not use the rounded numbers in intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).) Question 18

Question 15 A corporate bond pays 8.7 percent interest. You are in the 30 percent tax bracket. What is your after-tax yield on this bond in percent? (Do not include the percent sign (%). Enter rounded answer as directed, but do not use the rounded numbers in intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).) Question 18

Essentials Of Investments
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
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Question 15 A corporate bond pays 8.7 percent interest. You are in the 30 percent tax bracket. What is your after-tax yield on this bond in percent? (Do not include the percent sign (%). Enter rounded answer as directed, but do not use the rounded numbers in intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).) Question 18 Bond RTY.AF has a [c] percent coupon, makes semiannual payments, currently has [t] years remaining to maturity, and is currently priced at par value. If interest rates suddenly rise by 2 percent, what is the percentage change in the price of Bond RTY.AF? Be sure to include the sign, especially if the bond price falls and the percentage change is negative. (Do not include the percent sign (%). Enter rounded answer as directed, but do not use the rounded numbers in intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).) Question 20 If the following quotes are on September 15, 2012, what was the coupon rate for the JD.VR bonds with $1,000 face values and semiannual payments? Last Price Last Yield $ Vol. (000s) Company (Ticker) Coupon Maturity Jim Doe (JD.VR)? Sep 15, 2037 101.51 8.7 4,585 (Do not include the percent sign (%). Enter rounded answer as directed, but do not use the rounded numbers in intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).)
Transcribed Image Text:Question 15 A corporate bond pays 8.7 percent interest. You are in the 30 percent tax bracket. What is your after-tax yield on this bond in percent? (Do not include the percent sign (%). Enter rounded answer as directed, but do not use the rounded numbers in intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).) Question 18 Bond RTY.AF has a [c] percent coupon, makes semiannual payments, currently has [t] years remaining to maturity, and is currently priced at par value. If interest rates suddenly rise by 2 percent, what is the percentage change in the price of Bond RTY.AF? Be sure to include the sign, especially if the bond price falls and the percentage change is negative. (Do not include the percent sign (%). Enter rounded answer as directed, but do not use the rounded numbers in intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).) Question 20 If the following quotes are on September 15, 2012, what was the coupon rate for the JD.VR bonds with $1,000 face values and semiannual payments? Last Price Last Yield $ Vol. (000s) Company (Ticker) Coupon Maturity Jim Doe (JD.VR)? Sep 15, 2037 101.51 8.7 4,585 (Do not include the percent sign (%). Enter rounded answer as directed, but do not use the rounded numbers in intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).)
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