What is the coupon rate of bond

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1. What is the coupon rate of a bond that sells for $980 if it has 2 years to maturity and has a ytm of 8%? Coupons are paid annually.

2. What is the present value of a 9-year semiannual coupon bond if current rates are 4.52 percent?

3. A bank has total interest income of $66.568 million and total noninterest income of $9.174 million. This bank has total interest expenses of $21.627 million and total noninterest expenses (excluding PLL) of $24.915 million. Its provision for loan losses is $1.737 million and its taxes are $3.647 million. What is this bank's net income, to the nearest $0.001 million? E.g. if your answer is $25.6755 million, record it as 25.676.

Reference no: EM132059754

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