Current Price of the Bond Assignment | Homework For You

Even though most corporate bonds in the United States make coupon payments semiannually, bonds issued elsewhere often have annual coupon payments. Suppose a German company issues a bond with a par value of €1,000, 25 years to maturity, and a coupon rate of 6.7 percent paid annually. If the yield to maturity is 7.8 percent, what is the current price of the bond? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Price nces Wesimann Co. issued 13-year bonds a year ago at a coupon rate of 7.9 percent. The bonds make semiannual payments and have a par value of $1,000. If the YTM on these bonds is 6.2 percent, what is the current bond price? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g.. 32.16.) Current bond price. Get Finance homework help today

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