1. A bond with a settlement date of April 30, 2013 and a maturity date of May 15, 2021 has a coupon rate of 6.7%. (bond equivalent yield, semiannual compounding),
If the yield to maturity of the bond is 6.33%, what is the list price of the bond on the settlement date? What is the accrued interest on the bond? What is the invoice price of the bond?
2. Now, if the bond in question 5 above is selling for $110, what is the bonds yield to maturity? What would the yield to maturity be at a price of $110 if the bond paid its coupons only once per year?