if you cant answer both please answer 1 and explain how to do the other...
60.1K
Verified Solution
Link Copied!
Question
Finance
if you cant answer both please answer 1 and explain how to do the other
15. One Point Corp. has a $1,000 par value bond outstanding with a coupon rate of 5.2 percent paid semiannually. The bond has 15 years until maturity. The yield to maturity of the bond is 4.2 percent. What is the current bond price? (Use both PRICE and PV functions for full credit) (8 points) 16. KPMG Corp. issued 10-year bonds two years ago at a coupon rate of 5.4 percent with the face value of $1,000. The bonds make semiannual payments. The bond matures on January 1st, 2008. These bonds currently sell for $800 on January 1st, 2000. What is the YTM? (Use both YIELD and RATE functions for full credit) (8 points)
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
