need help on both questions, thank you Dufner Co. Issued 17-year bonds one year ago at a coupon rate of 6.8 percent. Thebonds make semiannual payments.If the YTM on these bonds is 5.4 percent, what is the current dollar price assuming a parvalue of $1,000? (Do not round intermediate calculations and round your answer to 2decimal places, e.g., 32.16.)Current bond price Parkway Vold Co. Issued 17-year bonds two years ago at a coupon rate of 9.1 percent.The bonds make semiannual payments.If these bonds currently sell for 115 percent of par value, what is the YTM? (Do not roundIntermediate calculations and enter your answer as a percent rounded to 2 decimalplaces, e.g., 32.16.)Yield to maturity%

Investors purchase bonds as debt instruments from governments, municipalities, or corporations,…

Dufner Co. Issued 17-year bonds one year ago at a coupon rate of 6.8 percent. The bonds make semiannual payments. If the YTM on these bonds is 5.4 percent, what is the current dollar price assuming a par value of $1,000? (Do not round Intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Current bond price

Dufner Co. Issued 17-year bonds one year ago at a coupon rate of 6.8 percent. The bonds make semiannual payments. If the YTM on these bonds is 5.4 percent, what is the current dollar price assuming a par value of $1,000? (Do not round Intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Current bond price

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter4: Bond Valuation

Section: Chapter Questions

Problem 21P: Bond Valuation and Changes in Maturity and Required Returns Suppose Hillard Manufacturing sold an...

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