Solution A Japanese company has a bond outstanding that sells for percent of its par value The bond has a

Solution A Japanese company has a bond outstanding that sells for percent of its par

a bond outstanding that sells for percent of its par value The bond has a coupon rate of percent paid

Solution A Japanese company has a bond outstanding that sells for percent

of its par value The bond has a coupon rate of percent paid

Solution A Japanese company has a bond outstanding that sells

Solution A Japanese company has

Category: | General |

Words: | 1050 |

Amount: | $12 |

Writer: |

Paper instructions

1 A Japanese company has a bond outstanding that sells for 92 percent of its ¥100,000 par value. The bond has a coupon rate of 2.8 percent paid annually and matures in 21 years.
What is the yield to maturity of this bond?
2. Locate the Treasury bond in Figure 8.4 maturing in November 2039. (Do not round intermediate calculations.)
Is this a premium or a discount bond?
Premium bond
Discount bond
What is its current yield? (Round your answer to 2 decimal places. (e.g., 32.16))
Current yield %
What is its yield to maturity? (Round your answer to 4 decimal places. (e.g., 32.1616))
YTM %
What is the bid-ask spread?
Bid-Ask spread / 32
see attach file for figure 8.4

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