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| Teaching Since: | May 2017 |
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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
A coupon bond paying semiannual interest is reported as having an ask price of 117% of its $1,000 par value. If the last interest payment was made one month ago and the coupon rate is 6%, what is the invoice price of the bond? (LO 10-1)
A zero-coupon bond with face value $1,000 and maturity of five years sells for $746.22. What is its yield to maturity? What will happen to its yield to maturity if its price falls immediately to $730? (LO 10-2)
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