What is their ytm

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Question 1 - Raines Umbrella Corp. issued 10-year bonds two years ago with a coupon rate of 10 percent. If these bonds currently sell at a price of 115, what is their YTM?

Question 2 - You purchased a 10-year Treasury note at par value immediately after it was issued two years ago. The note has a coupon rate of 7 percent and a face value of $10,000. Today, similar bonds with similar maturities are being issued at par with a 9 percent coupon rate. You want to sell your bond. What should its price be?

Reference no: EM133111650

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