M Final Review Extra Credit x CChegg Study I Guided Sc x C ezt com o.mheducation

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M Final Review Extra Credit x CChegg Study I Guided Sc x C ezt com o.mheducation /hm.tpx P MyLab & Masterin... M McGraw-Hill Connect Lesson5 Bookmark BMGT 481W BFIN 300 Financial Management FA15: FA15 FINANCE Final Review Extra Credit Question 7 (of 15 7. 1.66 points Ngata Corp. Issued 17-year bonds 2 years ago at a coupon rate of 9.3 percent. The bonds make semlannual payments. If these bonds currently sell for 98 percent of par value, what Is the YTM? O 9.55% O 11.46% O 10.51% O 4.78% O 8.60%. References eBook & Resources Multiple Choice Learning Objective: 07-02 Bond values and Windows 3 OD Seong Ny Seong Nye on Kim instructions l help Save & Exit AEOI OneDrive01 7:27 2015-12-06

Explanation / Answer

Face value (FV) $                                  1,000.00 Coupon rate 9.30% Number of compounding periods per year 2 Interest per period (PMT)                                            46.50 Bond price (PV) $                                   (980.00) Number of years to maturity 15 Number of compounding periods till maturity (N) 30 Bond Yield to maturity RATE(NPER,PMT,PV,FV)*2 Bond Yield to maturity 9.55%

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