Bond value--semiannual payment Answer: e Diff: E N
66. A bond that matures in 12 years has a 9 percent semiannual coupon (i.e., the bond pays a $45 coupon every six months) and a face value of $1,000. The bond has a nominal yield to maturity of 8 percent. What is the price of the bond today?
a. $ 927.52
b. $ 928.39
c. $1,073.99
d. $1,075.36
e. $1,076.23
Bond value--semiannual payment Answer: b Diff: E N
67. A bond with 10 years to maturity has a face value of $1,000. The bond pays an 8 percent semiannual coupon, and the bond has a 9 percent nominal yield to maturity. What is the price of the bond today?
a. $908.71
b. $934.96
c. $935.82
d. $952.37
e. $960.44
Bond value--semiannual payment Answer: c Diff: E
68. A corporate bond with a $1,000 face value pays a $50 coupon every six months. The bond will mature in 10 years, and has a nominal yield to maturity of 9 percent. What is the price of the bond?
a. $ 634.86
b. $1,064.18
c. $1,065.04
d. $1,078.23
e. $1,094.56
Bond value--semiannual payment Answer: b Diff: E
69. A bond with a $1,000 face value and an 8 percent annual coupon pays interest semiannually. The bond will mature in 15 years. The nominal yield to maturity is 11 percent. What is the price of the bond today?
a. $ 784.27
b. $ 781.99
c. $1,259.38
d. $1,000.00
e. $ 739.19
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