Ackerman co has 11 percent coupon bonds on the market with


1. Bond Dave has a 8 percent coupon rate, makes semiannual payments, a 8 percent YTM, and 27 years to maturity. If interest rates suddenly rise by 4 percent, what is the percentage change in the price of Bond Dave? Enter the answer with 4 decimals (e.g. 0.0123).

2. Ackerman Co. has 11 percent coupon bonds on the market with 9 years left to maturity. The bonds make semiannual payments. If the bond currently sells for $1035.15, what is its YTM? Answer with 4 decimals (e.g. 0.0123).

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Financial Management: Ackerman co has 11 percent coupon bonds on the market with
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