An 8% coupon, $100 par value bond matures in 2 years and is selling at $98.79 to yield
A. 4.97.
B. 3.21.
C. 1.22.
A. 4.97.
B. 3.21.
C. 1.22.
第1题
Consider a $100 par value bond. It has a 6% coupon paid annually and 10 years to maturity. The bond is valued at $102.08 today with a discount rate of 5.5%. One day later, the discount rate increases to 6.5%. Assuming the discount rate remains at 6.5% over the remaining life of the bond, the price of the bond between today and maturity will most likely:
A. Decline then remain unchanged.
B. Decline then rise.
C. Rise then decline.
第2题
Tapper, Inc. has two $1,000 par value bonds outstanding that both sell for 758.18. The first issue has 15 years to maturity and an annual coupon of 6%. The second issue has the same yield to maturity as the first one, pays annual interest as well, but has only 5 years remaining till maturity. The annual interest payment on the second issue is closest to:
A. $25.23.
B. $27.83.
C. $29.46.
第3题
Tiffany Zheng purchased a $1,000 par value, 0% coupon bond with 16 years to maturity one year ago. The YTM (semiannually compounding) was 6.0%. Now one year later, with market rates remaining the same, Zheng purchases an annuity with a semiannual payment of $30 for 15 years. Which of the following gives the closest combined value of the two investments based on the 6% semiannual yield?
A. $1,000.
B. $27.83.
C. $29.46.
第4题
Assuming an annual discount rate of 5%, which of the following is closest to the value of a 10-year, 6% coupon, $1000 par value bond with semi-annual payments?
A. $1077.2.
B. $1077.9.
C. $1075.0.
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