(Answered) Simons inc bonds pay a 650 percent coupon semi- annually

Statistics

Simons, Inc bonds pay a 6.50 percent coupon , semi- annually the bonds will mature in 10 years. a) If the market required rate of return of these bonds is 4.75 percent, and the bonds are assumed to be held to maturity, what is the current market value of the bonds?

Explanation with financial calculator please

b) If the bonds are currently selling for $ 965 , what is the Yield to Maturity on the bonds?

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