What is the current price of this bond

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1) A $1000 face value bond has a 6.85 percent semi-annual coupon and sells dor $980.00. What is the current yield?

2) A 7 percent coupon bond has a face value of $1000 and pays interest annually. The current yield is 6.8 percent. What is the current price of this bond?

3) A 7.4 percent coupon bond is currently quoted at 89.3 and has a face value of $1000. What is the amount of each semi-annual coupon payment if you own three (3) of these bonds?

Reference no: EM13798073

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