Compute the price of a 6.1 percent coupon bond with 15 years left to maturity an

Question

Compute the price of a 6.1 percent coupon bond with 15 years left to maturity and a market interest rate of 10.0 percent. (Assume interest payments are semiannual.) (Do not round intermediate calculations and round your final answer to 2 decimal places.)

Calculate the price of a 6.2 percent coupon bond with 18 years left to maturity and a market interest rate of 4.8 percent. (Assume interest payments are semiannual.) (Do not round intermediate calculations and round your final answer to 2 decimal places.)

$

Calculate the price of a 6.2 percent coupon bond with 18 years left to maturity and a market interest rate of 4.8 percent. (Assume interest payments are semiannual.) (Do not round intermediate calculations and round your final answer to 2 decimal places.)

$

Explanation / Answer

FV 100 PV i.e. Price 70.02 Computed Coupon 3.05 semiannual Yield 5.0% semiannual N 30 FV 100 PV i.e. Price 116.75 Computed Coupon 3.1 semiannual Yield 2.40% semiannual N 36

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