1 renfro rentals has issued bonds that have a 12 coupon, Ask an Expert

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1. Renfro Rentals has issued bonds that have a 12% coupon rate, payable semiannually. The bonds mature in 10 years, have a face value of $1,000, and a yield to maturity of 8.5%. What is the price of the bonds? Round your answer to the nearest cent.

2. Thatcher Corporation's bonds will mature in 15 years. The bonds have a face value of $1,000 and an 7.5% coupon rate, paid semiannually. The price of the bonds is $900. The bonds are callable in 5 years at a call price of $1,050. Round your answers to two decimal places.

What is their yield to maturity? %

What is their yield to call? %

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92052221

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