Homework week 4

# Homework week 4 - Homework week 4 Attempt 2 Written 6:02 PM...

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Homework week 4 Attempt 2 Written: Apr 14, 2011 6:02 PM - Apr 14, 2011 6:04 PM Submission View Your quiz has been submitted successfully. Question 1 1 / 1 point Problem 10-19 Bonds issued by the Tyler Food Corporation have a par value of \$1,000, are selling for \$1,080, and  have 20 years remaining to maturity. The annual interest payment is 12.5 percent (\$125). Compute  the approximate yield to maturity, using Formula 10-2. Round your answer to 2 decimal places. Omit the "%" sign in your response. Answer: 11.55 Information Problem 10-22 You are called in as a financial analyst to appraise the bonds of Olsen’s Clothing Stores. The \$1,000 par value bonds have a quoted annual interest rate of 13 percent, which is paid semiannually. The yield to maturity on the bonds is 10 percent annual interest. There are 25 years to maturity. Question 2

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Homework week 4 - Homework week 4 Attempt 2 Written 6:02 PM...

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