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CH6 - Exact r = 2.72 18 Current Yield = 7.5 1080 Current...

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5. N I PV PMT FV 16 7.5 -963 1000 70.95 Coupon Rate = Coupon / Par Value Coupon Rate = 70.95 / 1000 Coupon Rate = 7.1% 6. N I PV PMT FV (14*2) 28 5.3 (1,000*6.1%)/2) 30.50 1000 1,078.37 7. N I PV PMT FV (13*2) 26 (1000*1.08) 1080 (1,000*8.4%)/2) 42 1000 7.43 9. Approximate r = 5.7% - 2.9% Approximate r = 2.8% Exact r = 1 – ((1 + .057) / (1 + .029))
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Unformatted text preview: Exact r = 2.72% 18. Current Yield = 7.5 / 1080 Current Yield = 6.94 N I PV PMT FV (22*2) 44 (1000*1.08) 1080 (1,000*7.5%)/2) 37.50 1000 6.79 YTM = 6.79% NOM C/Y EAR 6.94 2 6.91 19. N I PV PMT FV (20*2) 40 1,125 (1,000*8.5%)/2) 42.5 1000 7.30 YTM = 7.30%...
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