Question

The yield to maturity of a $1,000 bond with a 6.6 % 6.6% coupon​ rate, semiannual​...

The yield to maturity of a $1,000 bond with a 6.6 % 6.6% coupon​ rate, semiannual​ coupons, and two years to maturity is 8.2 % 8.2% ​APR, compounded semiannually. What is its​ price?

Business   Finance   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

Price of bond = $ 971.01

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
The yield to maturity of a $1,000 bond with a 6.9% coupon rate, semiannual coupons, and...
The yield to maturity of a $1,000 bond with a 6.9% coupon rate, semiannual coupons, and two years to maturity is 7.6% APR, compounded semiannually. What is its price? The price of the bond is $ ______
Suppose a​ ten-year, $1,000 bond with an 8.2% coupon rate and semiannual coupons is trading for...
Suppose a​ ten-year, $1,000 bond with an 8.2% coupon rate and semiannual coupons is trading for $1,035.08. a. What is the​ bond's yield to maturity​ (expressed as an APR with semiannual​ compounding)? b. If the​ bond's yield to maturity changes to 9.5% APR, what will be the​ bond's price?
Suppose a​ ten-year, $1,000 bond with an 8.2% coupon rate and semiannual coupons is trading for...
Suppose a​ ten-year, $1,000 bond with an 8.2% coupon rate and semiannual coupons is trading for $1,035.92. a. What is the​ bond's yield to maturity​ (expressed as an APR with semiannual​ compounding)? b. If the​ bond's yield to maturity changes to 9.1% ​APR, what will be the​ bond's price? a. What is the​ bond's yield to maturity​ (expressed as an APR with semiannual​ compounding)? The​ bond's yield to maturity is __​%. ​ (Round to two decimal​ places.) b. If the​...
Suppose a​ ten-year, $ 1 comma 000$1,000 bond with an 8.2 %8.2% coupon rate and semiannual...
Suppose a​ ten-year, $ 1 comma 000$1,000 bond with an 8.2 %8.2% coupon rate and semiannual coupons is trading for $ 1 comma 034.97$1,034.97. a. What is the​ bond's yield to maturity​ (expressed as an APR with semiannual​ compounding)? b. If the​ bond's yield to maturity changes to 9.2 %9.2% ​APR, what will be the​ bond's price?
A $1,000 bond with a coupon rate of 6.6% paid semiannually has two years to maturity...
A $1,000 bond with a coupon rate of 6.6% paid semiannually has two years to maturity and a yield to maturity of 6.4%. If interest rates fall and the yield to maturity decreases buy 0.08%, what will happen to the price of the bond? A) rise by $20.97 B) fall by $17.97 C) rise by $14.98 D) fall by $14.98
Suppose a 10-year, $1,000 bond with an 8% coupon rate and semiannual coupons is trading for...
Suppose a 10-year, $1,000 bond with an 8% coupon rate and semiannual coupons is trading for $1,034.74. A: What is the bond’s yield to maturity (expressed as an APR with semiannual compounding)? Coupon? Number of periods? Yield to Maturity? B: If the bond’s yield to maturity changes to 9% APR, what will the bond’s price be? Semi-annual yield? Bond Price?
Suppose a 10 -year, $ 1,000 bond with a 10% coupon rate and semiannual coupons is...
Suppose a 10 -year, $ 1,000 bond with a 10% coupon rate and semiannual coupons is trading for a price of $ 1,127.31 a. What is the bond's yield to maturity (expressed as an APR with semiannual compounding)? b. If the bond's yield to maturity changes to 8% APR, what will the bond's price be?
Suppose a ten-year, $1,000 bond with an 8.9% coupon rate and semiannual coupons is trading for...
Suppose a ten-year, $1,000 bond with an 8.9% coupon rate and semiannual coupons is trading for $1,035.45. a. What is the bond's yield to maturity (expressed as an APR with semiannual compounding)? b. If the bond's yield to maturity changes to 9.2% APR, what will be the bond's price? a. What is the bond's yield to maturity (expressed as an APR with semiannual compounding)? The bond's yield to maturity is_____%. (Round to two decimal places.) b. If the bond's yield...
Suppose a​ ten-year, $ 1,000 bond with an 8.9 % coupon rate and semiannual coupons is...
Suppose a​ ten-year, $ 1,000 bond with an 8.9 % coupon rate and semiannual coupons is trading for $ 1,034.56 a. What is the​ bond's yield to maturity​ (expressed as an APR with semiannual​ compounding)? b. If the​ bond's yield to maturity changes to 9.9 % ​APR, what will be the​ bond's price?
Suppose a​ ten-year, $ 1,000 bond with an 8.6 % coupon rate and semiannual coupons is...
Suppose a​ ten-year, $ 1,000 bond with an 8.6 % coupon rate and semiannual coupons is trading for $ 1,034.39. a. What is the​ bond's yield to maturity​ (expressed as an APR with semiannual​ compounding)? b. If the​ bond's yield to maturity changes to 9.1 % ​APR, what will be the​ bond's price?
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT