Perry's Pizzeria issued 17-year annual coupon bonds one year ago at a coupon rate of 5.2 percent. If the YTM on these bonds is 9.02 percent, what is the current bond price?
Sealord Fisheries issues zero coupon bonds on the market at a price of $179.14 per bond. Each bond has a face value of $1,000 payable at maturity in 20 years. The bonds are callable in 8 years at a call price of $500. Using semiannual compounding, what is the percentage yield to call for these bonds?
You find a bond with 8 years until maturity that has a coupon rate of 7 percent and a yield to maturity of 7 percent. What is the Macaulay duration?
You find a bond with 8 years until maturity that has a coupon rate of 5.2 percent and a yield to maturity of 5.2 percent. What is the modified duration?