Round all dollar answers to 2 decimal places and record all interest rate, coupon rate and growth rate answers as a percent rounded to one decimal place 32. The market price of a $1000 par value, semi-annual payment bond is $956.76. If this bond has 27 years remaining to maturity and a yield to maturity of 7.30%, what is the bond’s annual coupon rate? (Record your answer rounded to 2 decimal places; for example, record 0.1493824 = 14.93824% as 12.94).
Round all dollar answers to 2 decimal places and record all interest rate, coupon rate and growth rate answers as a percent rounded to one decimal place 32. The market price of a $1000 par value, semi-annual payment bond is $956.76. If this bond has 27 years remaining to maturity and a yield to maturity of 7.30%, what is the bond’s annual coupon rate? (Record your answer rounded to 2 decimal places; for example, record 0.1493824 = 14.93824% as 12.94).
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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Question
Round
all dollar answers to 2 decimal places and record all interest rate, coupon rate and growth rate answers as a percent
rounded to one decimal place
32. The market price of a $1000 par value, semi-annual payment bond is $956.76. If this bond has 27 years
remaining to maturity and a yield to maturity of 7.30%, what is the bond’s annual coupon rate? (Record your
answer rounded to 2 decimal places; for example, record 0.1493824 = 14.93824% as 12.94).
33. The market price of a $1000 par value, quarterly (i.e., 4 times per year)v payment bond is $928.39. If the
bond has 21 years to maturity and an annual coupon rate of 9.20%, what is the bond’s yield-to-maturity?
(Record your answer rounded to 2 decimal places; for example, record 0.1493824 = 14.93824% as 12.94).
remaining to maturity and a yield to maturity of 7.30%, what is the bond’s annual coupon rate? (Record your
answer rounded to 2 decimal places; for example, record 0.1493824 = 14.93824% as 12.94).
33. The market price of a $1000 par value, quarterly (i.e., 4 times per year)v payment bond is $928.39. If the
bond has 21 years to maturity and an annual coupon rate of 9.20%, what is the bond’s yield-to-maturity?
(Record your answer rounded to 2 decimal places; for example, record 0.1493824 = 14.93824% as 12.94).
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