Financial Markets and Institutions
Financial Markets and Institutions
6th Edition
ISBN: 9780077641825
Author: SAUNDERS
Publisher: Mcgraw-Hill Course Content Delivery
Question
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Chapter 6, Problem 6P

a)

Summary Introduction

To determine: The principal amount used for finding the first coupon payment and the first coupon payment.

b)

Summary Introduction

To determine: The principal after adjusting inflation at the starting of the second six months.

c)

Summary Introduction

To determine: The inflation adjusted principal at the end of the 2nd six months and the coupon payment to the investor for the 2nd six month period and the inflation adjusted principal on this coupon payment date.

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Yan Yan Corp. has a $2,000 par value bond outstanding with a coupon rate of 4.7 percent paid semiannually and 13 years to maturity. The yield to maturity of the bond is 5.05 percent. What is the dollar price of the bond?
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