1 kiss the sky enterprises has bonds on the market making, Ask an Expert

Finance

1. Kiss the Sky Enterprises has bonds on the market making annual payments, with 18 years to maturity, and selling for $970. At this price, the bonds yield 8.1 percent. What must the coupon rate be on the bonds?

a. 7.78%

b. 15.56%

c. 7.88%

d. 8.02%

e. 8.10%

2. Staind, Inc., has 8 percent coupon bonds on the market that have 15 years left to maturity. The bonds make annual payments. If the YTM on these bonds is 9 percent, what is the current bond price

a. $1,089.59

b. $965.36

c. $919.39

d. $873.42

e. $1,030.00

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92682000

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