Madsen Motors's bonds have 18 years remaining to maturity. Interest is paid annually, they have a $1,000 par value, the coupon interest rate is 11%, and the yield to maturity is 12%. What is the bond's current market price? Round your answer to the nearest cent.
Nesmith Corporation's outstanding bonds have a $1,000 par value, a 12% semiannual coupon, 10 years to maturity, and a 16% YTM. What is the bond's price? Round your answer to the nearest cent.
A firm's bonds have a maturity of 10 years with a $1,000 face value, have an 11% semiannual coupon, are callable in 5 years at $1,177.20, and currently sell at a price of $1,319.10. What are their nominal yield to maturity and their nominal yield to call? Do not round intermediate calculations. Round your answers to two decimal places.
CALC:
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