finance- Lycan, Inc., has 6 percent coupon bonds on the market

QUESTION

1.
value:
4.00 points

Lycan, Inc., has 6
percent coupon bonds on the market that have 9 years left to maturity. The
bonds make annual payments.

Required:

If the YTM on these
bonds is 8 percent, what is the current bond price?(Do not round intermediate calculations. Round your answer to 2 decimal places (e.g.,
32.16).)

Current
bond price

$

2.
value:
4.00 points

The Timberlake-Jackson
Wardrobe Co. has 7 percent coupon bonds on the market with nine years left to
maturity. The bonds make annual payments.

Required:

If the bond currently
sells for $1,038.50, what is its YTM?(Do not round intermediate calculations. Round your answer to 2 decimal places (e.g.,
32.16).)

Yield to
maturity

%

3.
value:
4.00 points

Merton Enterprises has
bonds on the market making annual payments, with 12 years to maturity, and
selling for $963. At this price, the bonds yield 7.5 percent.

Required:

What must the coupon
rate be on Merton’s bonds?(Do not round intermediate calculations. Round your answer to 2
decimal places (e.g., 32.16).)

Coupon
rate

%

4.
value:
4.00 points

App Store Co. issued
20-year bonds one year ago at a coupon rate of 6.1 percent. The bonds make
semiannual payments.

Required:

If the YTM on these
bonds is 5.3 percent, what is the current bond price?(Do not round intermediate calculations. Round your answer to 2 decimal places (e.g.,
32.16).)

Current
bond price

$

5.
value:
4.00 points

PK Software has 7.5
percent coupon bonds on the market with 22 years to maturity. The bonds make
semiannual payments and currently sell for 97 percent of par.

Requirement 1:

What is the current
yield on PK’s bonds?(Do not round intermediate calculations. Round your answer to 2 decimal places (e.g.,
32.16).)

Current
yield

%

Requirement 2:

What is the YTM?(Do not round intermediate calculations. Round your answer to 2 decimal places (e.g.,
32.16).)

Yield to
maturity

%

Requirement 3:

What is the effective
annual yield?(Do not round
intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).)

Effective
annual yield

%

ANSWER:

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