Bond Prices

Brittany Co. issued 15-year bonds one year ago at a coupon rate of 8.25 percent. The bonds make semiannual payments. If the YTM on these bonds is 8.5 percent, the current bond price is $____________. (Round your answer to 2 decimal places. Omit the "$" sign in your response.)

Inflation and Nominal Returns

Suppose the real rate is 6 percent and the inflation rate is 1.8 percent. You would expect to see a rate of ____________ percent on a Treasury bill. (Input answer as a percent rounded to 2 decimal places, without the percent sign.)

Bond Yields

The Timberlake-Jackson Wardrobe Co. has 10 percent coupon bonds on the market with 17 years left to maturity. The bonds make annual payments. If the bond currently sells for $1,025.35, the YTM is ____________ percent. (Input answer as a percent rounded to 2 decimal places, without the percent sign.)

Optional Information:
Level: junior; Subject: Finance