Soln Ch 13 Bond prices - Texas Christian University

1. The coupon yield is equal to the bond’s coupon return divided by its market price, which equals . ¥600 / ¥9,000 = 0.067, or 6.7 percent. The bond’s nominal yield is equal to the coupon return divided by the face value of the bond, which equals ¥600/ ¥10,000 = 0.06, or 6.0 percent. 2. ................
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