In: Finance
A 7% semiannual coupon bond matures in 6 years. The bond has a
face value of $1,000 and a current yield of 7.5864%.
What is the bond's price? Do not round intermediate calculations.
Round your answer to the nearest cent.
$
What is the bond's YTM? (Hint: Refer to Footnote 7 for the
definition of the current yield and to Table 7.1.) Do not round
intermediate calculations. Round your answers to two decimal
places.
%