1. Chase inc. plans to sell a 10-year semi-annual coupon bond for $1,234.56. the coupon rate is 11% per year and par value is 1,000. what will be the yield-to-maturity on these bonds?
2. Timothy has an opportunity to buy a ?$4000 par value municipal bond with a coupon rate of 9 ?% and a maturity of five years. The bond pays interest annually. If Timothy requires a return of 12 ?%, what should he pay for the? bond?
If Timothy requires a return of 12?%, the amount he should pay for the bond is ?