What yield to maturity is the bond offering

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1. Calculate the price of a 5.7 percent coupon bond with 18 years left to maturity and a market interest rate of 5.6 percent. (Assume interest payments are semiannual.) (Do not round intermediate calculations and round your final answer to 2 decimal places.)

2. A 7.05 percent coupon bond with 17 years left to maturity is offered for sale at $1,045.30. What yield to maturity is the bond offering? (Assume interest payments are semiannual.) (Round your answer to 2 decimal places.)

Reference no: EM131957997

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