An 11 year bond pays interest of 2890 semi annually the, Financial Management

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An 11 year bond pays interest of 2890 semi annually the

1. An 11 year bond pays interest of $28.90 semi annually, has a face value of $1000 and is selling for $834.70.

a. The annual coupon rate is

b. The yield to maturity is

2. Your loan shark uncle, Zsigmond, is willing to lend you $1,000 today, if you promise to pay him back $2,000 in 5 years. The deal sounds wonderful to you and you take the deal. What is the interest rate that your uncle is charging you? (Use Excel: rate) [Please attach screen print of excel work, just before you hit 'OK'.

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Financial Management: An 11 year bond pays interest of 2890 semi annually the

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Financial Management: An 11 year bond pays interest of 2890 semi annually the

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