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Price and yield

An 6% semi-annual coupon bond matures in 6 years. The bond has a face value of $1,000 and a current yield of 6.9105%.

What is the bond's price? Round your answer to the nearest cent.

What is the bond's YTM?

Expected interest rate

Lloyd Corporation's 13% coupon rate, semi-annual payment, $1,000 par value bonds, which mature in 10 years, are callable 3 years from today at $1,025. They sell at a price of $1,190.76, and the yield curve is flat. Assume that interest rates are expected to remain at their current level.

What is the best estimate of these bonds' remaining life? Round your answer to two decimal places.

Financial Management, Finance

  • Category:- Financial Management
  • Reference No.:- M91261266

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