Ch.%206%20practice

Ch.%206%20practice - 2. Jones Corporation has bonds on the...

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FIN 3100 Chapter 6 Practice Dr. Lucy Ackert 1. Smith, Inc. issued 15-year bonds one year ago at a coupon rate of 8.50 percent. The bonds make semiannual payments and have a face value of $1,000. If the YTM is 7.90 percent, what is the current bond price?
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Unformatted text preview: 2. Jones Corporation has bonds on the market with 10.5 years to maturity, a YTM of 6.9 percent, a par value of $1,000, and a current price of $1,070. The bonds make semiannual payments. What is the coupon rate for these bonds?...
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