Consider an annual coupon bond with a face value of ?$100?, 10 years to? maturity, and a price of ?$75. The coupon rate on the bond is 9?%. If you can reinvest coupons at a rate of 2?% per? annum, then how much money do you have if you hold the bond to? maturity?
The total proceeds from holding the bond to maturity are ?$_____ ?(Round to the nearest? cent.)
Springfield Nuclear Energy Inc. bonds are currently trading at ?$1,214.95. The bonds have a face value of ?$1,000?, a coupon rate of 7.5?% with coupons paid? annually, and they mature in 10 years. What is the yield to maturity of the? bonds?
The yield to maturity of the bonds is ____% ?(Round to two decimal? places.)