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Category > Accounting Posted 26 Apr 2017 My Price 3.00

A bond sells for $962.24 and has a coupon rate

Section 1: Please finish the following questions:

1.) A bond sells for $962.24 and has a coupon rate of 7.90 percent. If the bond has 24 years until maturity, what is the yield to maturity of the bond? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places. Omit the "%" sign in your response.)

Yield to maturity

%

        a)LKD Co. has 12 percent coupon bonds with a YTM of 8.4 percent. The current yield on these bonds is   9.8 percent. How many years do these bonds have left until they mature? (Do not round intermediate calculations. Round your answer to 2 decimal places)

Bonds mature

years

 

 

Answers

Alpha Geek
(8)
Status NEW Posted 26 Apr 2017 03:04 PM My Price 3.00

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file 1493220140-Answer.docx preview (125 words )
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