icquiz23sp08solution

icquiz23sp08solution - to maturity is 10%. How much are the...

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Name IN CLASS QUIZ #2 Yellow Cat, Inc.’s outstanding bonds will mature in 10 years. The annual coupon rate is 12% and interest is paid out semiannually. They have a face value of $1,000 and the yield
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Unformatted text preview: to maturity is 10%. How much are the bonds selling for today? N = 20 PMT = 60 FV = 1,000 I/Y = 5 CPT PV = -1,124.62...
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