Answers to Text Discussion Questions

b. 12 percent coupon rate bond with 10 years to maturity and an 8 percent yield to maturity. 12-4. a) 73.34% × $1,000 = $ 733.40. b) 127.18% × $1,000 = $1,271.80. Use of bond table. 5. Using Table 12–3: Assume you bought a bond with a 10 percent coupon rate with 20 years to maturity at a yield to maturity of 14 percent. ................
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