Interest is paid annually they have a 1000 par value the


1. Johnson Motors bonds have 15 years remaining to maturity. Interest is paid annually, they have a $1,000 par value, the coupon interest rate is 8%, and the yield to maturity is 10%. What is the bond's current market price? Round your answer to the nearest cent.

2. An 7% semiannual coupon bond matures in 6 years. The bond has a face value of $1,000 and a current yield of 7.5649%. What is the bond's YTM?

3. What happens to a company's stock price if the market goes down and it has a beta of 1.5 compared to the market beta of 1.0?

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Financial Management: Interest is paid annually they have a 1000 par value the
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