Coupon and yield to maturity

    • [DOC File]Bond Yields and Prices

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      Maturity of the bond. Coupon payments. Current Yield to maturity (discount factor) Need to weight present value of cash flows from bond by time received. In order for a bond to be protected from the changes in interest rates after purchase, the price risk and coupon reinvestment must offset each other.

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    • [DOC File]Sample midterm

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      A) capital gain yield. B) yield to maturity. C) current yield. D) coupon rate. 2. The coupon rate of a bond equals: A) its yield to maturity. B) coupon as a percentage of its face value. C) the maturity value. D) coupon as a percentage of its price. 3. The face value of a bond is received by the bondholder: A) at the time of purchase. B) annually.

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    • [DOC File]Quantitative Problems Chapter 10

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      With PV $819, FV $1,000, PMT 0 and N 2, the yield to maturity on the two-year zero-coupon bonds is 10.5% for the two-year annuities, PV $1,712.52, PMT 0, FV $2,000 and N 2 gives a yield to maturity of 8.07%. The zero-coupon bonds are the better buy. 5. Consider the following cash flows. All market interest rates are 12%.

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    • [DOC File]Bond Pricing

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      Yield to Maturity. In reality, there are many incidences when a set of facts of a bond, including coupon rate, market value, years to maturity, face value, etc., are given except for the interest rate. In this situation, the interest rate is referred to as yield to maturity or bond’s yield.

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    • [DOCX File]Homework Assignment – Week 2

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      Calculate the present value of a $1,000 zero-coupon bond with five years to maturity if the yield to maturity is 6%. A lottery claims their grand price is $10 million, payable over 20 years at $500,000 per year. If the first payment is made immediately, what is this grand prize really worth? Use an interest rate of …

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    • [DOCX File]Measuring Yield - Leeds School of Business

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      Since a zero coupon bond has no reinvestment risk, the total return for a zero is equal to the yield to maturity, so the total return is also 8%. Suppose that an investor with a five-year investment horizon is considering purchasing a seven-year 9% coupon bond selling at par.

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    • [DOC File]Bond Features

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      Current yield: a bond’s annual coupon divided by the bond price. Yield to maturity. The market interest rate for bonds with similar features. This is the discount rate that equates a bond’s price with the present value of is future cash flows. 3. The yield to maturity (or …

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