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On January 4th, 2017, Zack purchased a corporate bond of FGH Inc. at its market price of $1025. The bond pays a 4.15 percent coupon rate, which is paid out semi-annually, based on its face value of $1,000. The bond will mature on July 5th, 2024.
Problem 1: What would be dollar amount of each semi-annual coupon?
Option 1: $20.75
Option 2: $21.25
Option 3: $21.76
Option 4: $22.50
Option 5: $23.15
Problem 2: Based on the purchase price, what would be the current yield that Zack would be receiving on these bonds?
Option 1: 3.85%
Option 2: 4.05%
Option 3: 4.19%
Option 4: 3.97%
Option 5: 4.72%
Problem 3: What is the current yield to maturity that he would be receiving?
Option 1: 4.02%
Option 2: 4.23%
Option 3: 4.12%
Option 4: 3.92%
Option 5: 3.88%
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