The yield to maturity for a semiannual-pay, 10 -year corporate bond is 5.25 percent. What is the bond's annual equivalent yield()
A. 5.00%.
B. 5.25%.
C. 5.32%.
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A $1000 par value, 10% semiannual, 20 - year debenture 1s currently selling for $1100. The bond's current yield is:()
A. 8.9%.
B. 9. 1%.
C. 10.0%.
Suppose that IBM has a $1000 par value bond outstanding with a 12 percent semiannual coupon that is currently trading at 102.25 with seven years to maturity. Which of the following is closest to the yield to maturity on the bond()
A. 11.21%.
B. 11.64%.
C. 11.52%.
Using the following information about spot rates, what is the price of a three-year bond with $100 par and annual coupon payments of 5 percent One-year rate: 4.78% Two-year rate: 5.56% Three-year rate: 5.98%()
A. $97.47.
B. $96.33.
C. $98.87.
To estimate the actual return of a bond when a callable bond's market price is higher than par use:()
A. YTC.
B. YTM.
C. HPY.