What is the dollar price of the bond

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Q1- Watters Umbrella Corp. issued 15-year bonds 2 years ago at a coupon rate of 7 percent. The bonds make semiannual payments. If these bonds currently sell for 90 percent of par value, what is the YTM?

Q2- Union Local School District has bonds outstanding with a coupon rate of 4.3 percent paid semiannually and 18 years to maturity. The yield to maturity on these bonds is 3.4 percent and the bonds have a par value of $10,000. What is the dollar price of the bond?

Q3- A Japanese company has a bond outstanding that sells for 93 percent of its ¥100,000 par value. The bond has a coupon rate of 5.2 percent paid annually and matures in 14 years. What is the yield to maturity of this bond?

Reference no: EM132986228

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