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2 September, 13:26

Refer to the bond data above and answer the following questions with respect to that bond. When answering the questions, you may make the following assumptions:

A) Assume Semi-annual compounding and coupon payments

B) Assume a face or par value is equal to $1000

Answers (1)
  1. A
    2 September, 14:05
    0
    1 What is the coupon rate on the bond 7.375%

    2 When dose the bond matures (Years) 07/15/2033 (in year 2033)

    3 What is the price of the bond in $ units = 1000*104.653/100 = 1046.53

    4 Calculate current yield using available information = (1000*0.07375) / 1046.53*100 = 7.04709 %
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