Problem: How long would it take you to obtain $1,000,000 if you saved $2,500 quarterly and were able to obtain a 7% rate of return per year?
Calculate the current yield on a bond that has the following characteristics:
(a) NPER: 30, (B) Price--$1,125, (c) Coupon Rate: 6%, (d) Market Rate of Interest: 4%.
Calculate the Yield to Maturity on a bond that has the following characteristics:
(a) NPER: 25, Coupon Rate: 4%, and Price--$800.
Calculate the current market price of a bond that has the following characteristics:
(a) NPER: 23, (b) Yield to Maturity: 5%, and (c) Coupon Rate: 6%.