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1.Walshs Corporate bonds currently sell for \$1,150. They

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1.Walsh’s Corporate bonds currently sell for \$1,150. They have a 6-year maturity, an annual coupon of \$85, and a par value of \$1,000. What is their current yield?
2.The Forrester Company's bonds mature in 7 years, have a par value of \$1,000, and make an annual coupon payment of \$70. The market interest rate for the bonds is 8.5%. What is the bond's price?
3.Hughes Enterprise issued 15-year, noncallable, 7.5% annual coupon bonds at their par value of \$1,000 one year ago. Today, the market interest rate on these bonds is 5.5%. What is the current price of the bonds, given that they now have 14 years to maturity?

4.Suppose that you are considering the purchase of a 15-year bond with an annual coupon rate of 9.5%. The bond has face value of \$1,000 and makes semiannual interest payments. If you require an 11.0% nominal yield to maturity on this investment, what is the maximum price you should be willing to pay for the bond?
5.Logan Inc. noncallable bonds currently sell for \$1,165. They have a 15-year maturity, an annual coupon of \$95, and a par value of \$1,000. What is their yield to maturity?
Submitted: 7 years ago.
Category: Homework
Expert:  Neo replied 7 years ago.

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Neo, Tutor
Category: Homework
Satisfied Customers: 12101
Experience: BS Accounting

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