Question 1: BEA Industries has just issued a callable (at 102) ten-year, 8% coupon bond with semi-annual coupon payments. The bond can be called at 102 in three years or anytime thereafter on a coupon payment date. It has a current price of 99. What is the Yield to Maturity (YTM) on this bond?
- 8.65%
- 8.15%
- 8.98%
- 8.25%
- 8.75%
Question 2: BEA Industries has just issued a callable (at 102) ten-year, 8% coupon bond with semi-annual coupon payments. The bond can be called at 102 in three years or anytime thereafter on a coupon payment date. It has a current price of 99. What is the Yield to Call (YTC) on this bond?
- 8.86%
- 8.35%
- 8.87%
- 8.98%
- 8.78%
Question 3: Citi Enterprises has just issued a callable (at par) fifteen-year, 7% coupon bond with semi-annual coupon payments. The bond can be called at par in five years or anytime thereafter on a coupon payment date. It has a current price of 101. What is the Yield to Maturity (YTM) on this bond?
- 6.98%
- 6.36%
- 6.89%
- 8.98%
- 6.78%
Question 4: Citi Enterprises has just issued a callable (at par) fifteen-year, 7% coupon bond with semi-annual coupon payments. The bond can be called at par in five years or anytime thereafter on a coupon payment date. It has a current price of 101. What is the Yield to Call (YTC) on this bond?
- 6.86%
- 6.76%
- 6.87%
- 6.67%
- 6.47%