pokezam
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Sorry to post my homework here, but I don't know where else to turn. I'm really stuck on this question and need some help right away. This question is worth 30% of my university mark, so please help me out! Please show full calculations so I know how you got the answer. If you know anywhere else I can post this question, please let me know. I already tried Yahoo Answers with no luck.
A corporation valued one unit of a 10% coupon bond to be $3,623.4767. The bond pays semi-annual coupons, the YTM is 9.6%, and matures in 20 years. The corporation has 500 units of this bond outstanding.
a) What is the face value of this unique coupon bond?
b) What is the current yield of this bond?
A corporation valued one unit of a 10% coupon bond to be $3,623.4767. The bond pays semi-annual coupons, the YTM is 9.6%, and matures in 20 years. The corporation has 500 units of this bond outstanding.
a) What is the face value of this unique coupon bond?
b) What is the current yield of this bond?