What is the pre-tax equivalent yield for a municipal bond with a 4.5% yield if an investor has a tax rate of 10%?
What is the price of a bond with a par value of $1,000 if it is quoted at 104?
A bond with several years to maturity has a coupon rate that is less than its yield to maturity. The bond will:
Be priced at a premium
Be priced at a discount
Be priced at par
May be priced either at a discount or a premium
What is the current yield for a bond with a par value of $1,000 and a 6% annual coupon rate if the bond sells for $1,200?