Calculate the price of the bond

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Q1) Colliers Concord Ltd. has recently issued a bond 5.75% coupon bonds outstanding with a current market price of $689.40. The yield to maturity is 11.20% and the face value is $1,000. Interest is paid semiannually. How many years is it until these bonds mature? (Show all the necessary steps of the calculations).

Q2) Manvester Steliing Inc. has a semiannual, 12-year bonds which is selling at par and have an effective annual yield of 4.6529%. What is the amount of each interest payment if the face value of the bonds is $1,000?

Q3) Manning services floats a bond in the market a 6.5% coupon bond with annual payments. The bond stipulates that the yield to maturity is 6.71% and the maturity date is 7 years from today. Calculate the price of the bond if the face value of the bond is $1,000. Comment on the characteristics of this bond.

Reference no: EM133068601

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