Question

A bond with a maturity of 18 years sells for $1,058. If the coupon rate is...

A bond with a maturity of 18 years sells for $1,058. If the coupon rate is 7.2 percent, what is the yield to maturity of the bond?
Business   Economics   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
A bond has 8 years until maturity, carries a coupon rate of 8%, and sells for...
A bond has 8 years until maturity, carries a coupon rate of 8%, and sells for $1,100. What is the yield to maturity if interest is paid once a year? A. 6.3662% B. 9.146% C. 5.048% D. None of these A bond has 8 years until maturity, carries a coupon rate of 8%, and sells for $1,100. What is the current yield on the bond? A. 7.27% B. 9.14% C. 5.04% D. None of these
A bond with a coupon rate of 9 percent sells at a yield to maturity of...
A bond with a coupon rate of 9 percent sells at a yield to maturity of 10 percent. If the bond matures in 10 years, what is the Macaulay duration of the bond? What is the modified duration? (Do not round intermediate calculations. Round your answers to 3 decimal places.)
Jiminy’s Cricket Farm issued a bond with 18 years to maturity and a semiannual coupon rate...
Jiminy’s Cricket Farm issued a bond with 18 years to maturity and a semiannual coupon rate of 8 percent 3 years ago. The bond currently sells for 92 percent of its face value. The company’s tax rate is 40 percent. The book value of the debt issue is $45 million. In addition, the company has a second debt issue on the market, a zero coupon bond with 12 years left to maturity; the book value of this issue is $35...
Assume a municipal bond has 18 years until maturity and sells for $5,190. It has a...
Assume a municipal bond has 18 years until maturity and sells for $5,190. It has a coupon rate of 3.90 percent and it can be called in 8 years. What is the yield to call if the call price is 105 percent of par? Yield to call = % What is the single monthly mortality assuming the conditional prepayment rate is 6 percent? (Do not round intermediate calculations. Enter your answer as a percent rounded to 4 decimal places.) Single...
A bond trader buys a bond with 3% coupon rate and 2 years to maturity at...
A bond trader buys a bond with 3% coupon rate and 2 years to maturity at a yield to maturity of 2.5%. A year later, the trader sells the bond at a yield to maturity of 4%. What is the trader’s total return?
A 6.85 percent coupon bond with 18 years left to maturity is offered for sale at...
A 6.85 percent coupon bond with 18 years left to maturity is offered for sale at $1,025.30. What yield to maturity is the bond offering? (Assume interest payments are semiannual.) (Round your answer to 2 decimal places.) Yield to maturity %
A coupon bond of 7.6 percent with 10 years left to maturity is priced to offer...
A coupon bond of 7.6 percent with 10 years left to maturity is priced to offer a 6.30 percent yield to maturity. You believe that in one year, the yield to maturity will be 7.2 percent. What would be the total return of the bond in dollars? what would be the total return of the bond in percentage?
A coupon bond of 7.6 percent with 10 years left to maturity is priced to offer...
A coupon bond of 7.6 percent with 10 years left to maturity is priced to offer a 6.30 percent yield to maturity. You believe that in one year, the yield to maturity will be 7.2 percent. What would be the total return of the bond in dollars? what would be the total return of the bond in percentage?
18. Compute the yield to maturity of a $2,500 par value bond with a coupon rate...
18. Compute the yield to maturity of a $2,500 par value bond with a coupon rate of 7.8% (quarterly payments - that is, four times per year) that matures in years. The bond is currently selling for $3,265 19. What is the yield to maturity of a $ par value bond with a coupon rate of 9.5% (semi-annual coupon payments) that matures in 28 years assuming the bond is currently selling for $838.137 par value 1000
A municipal bond with a coupon rate of 6.2 percent sells for $4,920 and has seven...
A municipal bond with a coupon rate of 6.2 percent sells for $4,920 and has seven years until maturity. What is the yield to maturity of the bond?
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT