ABC’s semiannual bond has a clean price of $1013.  It paid its last coupon of $50 65 days ago.  Calculate the  accrued interest on the bond.  Assume a 180-day semiannual period.  Round to the nearest dollar.  Don’t include the dollar sign in your answer.  Johnston’s bonds are selling for $1,245.  They have a 7-year maturity, an annual coupon of $75, a par value of $1,000, and a yield to maturity of 3.5 percent.  What is their current yield? Write your answer as a percentage out to two decimal places.  Do not include the percentage sign in your answer.

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter6: Fixed-income Securities: Characteristics And Valuation
Section: Chapter Questions
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ABC’s semiannual bond has a clean price of $1013.  It paid its last coupon of $50 65 days ago.  Calculate the  accrued interest on the bond.  Assume a 180-day semiannual period.  Round to the nearest dollar.  Don’t include the dollar sign in your answer. 

Johnston’s bonds are selling for $1,245.  They have a 7-year maturity, an annual coupon of $75, a par value of $1,000, and a yield to maturity of 3.5 percent.  What is their current yield?

Write your answer as a percentage out to two decimal places.  Do not include the percentage sign in your answer.

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