1. A semiannual coupon bond is currently selling for $1,142.12. The bond has a maturity of 10 years and a yield to maturity of 7%. Determine the coupon rate of the bond.
2. A corporate bond has an annual coupon rate of 8%, payable semiannually, and a maturity of 25 years. Determine the bond's yield to maturity if its current yield is 6.36%.
3. You just purchased a semiannual coupon bond for $1,148.77. The bond has a maturity of 10 years, a face value of $1,000, a coupon rate of 8%, and a yield to maturity of 6%. What is the bond's yield to call if the bond is called back 4 years later with a call premium of $80?
This solution provides calculations in Excel for coupon rate, yield to maturity, and bond's yield.