FIN 4414 – Stealers Wheel Software has 6.37% coupon bonds on the market

QUESTION 15Stealers Wheel Software has 6.37% coupon bonds on the market with nine years to maturity. The bonds make semi-annual payments and currently sell for 107.44% of par. What is the current yield?The 13.78 percent, $1,000 face value bonds of Tim McKnight, Inc., are currently selling at $997.57. What is the current yield?Note: Enter your answer rounded off to two decimal points. Do not enter % in the answer box. For example, if your answer is 0.12345 then enter as 12.35 in the answer box.QUESTION 14ABC has issued a bond with the following characteristics:Par: $1,000;Time to maturity: 9 years;Coupon rate: 11%;Assume semi-annual coupon payments.Calculate the price of this bond if the YTM is 5.12%Note: Enter your answer rounded off to two decimal points. Do not enter $ or comma in the answer box. For example, if your answer is $12.345 then enter as 12.35 in the answer box.

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