1 ibm has outstanding bonds with an annual 8 coupon the, Ask an Expert

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1. IBM has outstanding bonds with an annual 8% coupon. The bonds have a par value of $1,000 and a price of $865. The bonds will mature in 11 years. What is their Yield to Maturity? (using Financial calculator)

A) 8.00%

B) 9.25%

C) 9.89%

D) 10.09%

E) 11.13%

2. What should be the price of an 8-year bond with a coupon rate of 6%, a face value of $1,000, and a required rate of return of 7%, if it pays coupons semi-annually?(using financial calculator)

A) $761.15

B) $934.58

C) $939.53

D) $940.29

E) $952.23

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92770511

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