1. There is a bond that has a quoted price of 101.367 and a par value of $2,000. The coupon rate is 6.75 percent and the bond matures in 21 years. If the bond makes semiannual coupon payments, what is the YTM of the bond?
2. How can you utilize one of the capital budgeting techniques in your personal investment decisions.
3. A bond has a par value of $1,000, a current yield of 6.51 percent, and semiannual coupon payments. The bond is quoted at 96.09. What is the amount of each coupon payment?