FIN 351 CHAPTER 12 QUIZ 61 TO 64

FIN 351  CHAPTER 12 QUIZ 61 TO 64
61. ABC Corp. issued a 12 percent, 20 year coupon rate bond 5 years ago. Interest rates are now 8 percent.
Based on semi-annual analysis and using the table below, what is the current price of the bond?
62. What would be the current yield of a 6 percent coupon bond priced at $950?
63. What is the approximate yield to maturity of an 8 percent coupon bond, with a par value of $1000. The bond is currently selling for $920
and has five years to maturity.
64. a) What is the approximate yield to maturity of a 10 percent coupon rate, $1000 par value bond which is currently priced at $1200 with 11
years to maturity?
b) What would be the yield to call if the call can be made in 7 years at a price of $1025?

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