Standard with semi-annual coupon payment

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1. Heginbotham Corp. issued 20-year bonds two years ago at a coupon rate of 5.3 percent. The bonds make semiannual payments. If these bonds currently sell for 105 percent of par value, what is the YTM?

2. Consider two bonds A and B both with a coupon rate of 8.4 percent and a yield to maturity of 7.3 percent. these are standard with semi-annual coupon payment. Bond A matures in 4 years while B matures in 9 years. what is the price of each bond.

3. JPMorgan Chase adn Citibank are equally risky companies. JPMorgan Chase stock currently sells for 82.37. How much should Citibank sell for?

Reference no: EM132007369

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