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FIN 571 Week 4 Connect Problems Q-1 Even though most corporate
bonds in the United States make coupon payments semiannually,
bonds issued elsewhere often have annual coupon payments. Suppose
a German company issues a bond with a par value of €1,000, 20 years
to maturity, and a coupon rate of 7 percent paid annually. If the yield
to maturity is 8.1 percent, what is the current price of the bond? (Do
not round intermediate calculations and round your answer to 2
decimal places, e.g., 32.16.) Q-1 (Set 2) Watters Umbrella Corp.
issued 30-year bonds 2 years ago at a coupon rate of 7.4 percent. The
bonds make semiannual payments. If these bonds currently sell for 83
percent of par value, what is the YTM? (Do not round intermediate
calculations and enter your answer as a percent rounded to 2 decimal
places, e.g., 32.16.) 2.Microhard has issued a bond with the following
characteristics: Par: $1,000 Time to maturity: 15 years Coupon rate:
11 percent Semiannual payments Calculate the price of this bond if
the YTM is (Do not round intermediate calculations and round your
answers to 2 decimal places, e.g., 32.16.): Q-2 (Set 2) Union Local
School District has bonds outstanding with a coupon rate of 3.7
percent paid semiannually and 15 years to maturity. The yield to
maturity on these bonds is 4.3 percent and the bonds have a par value
of $5,000. What is the dollar price of the bond? (Do not round
intermediate calculations and round your answer to 2 decimal places,
e.g., 32.16.) Q-3 (Set 1) Yan Yan Corp. has a $2,000 par value bond
outstanding with a coupon rate of 5.5 percent paid semiannually and
16 years to maturity. The yield to maturity of the bond is 5.8 percent.
What is the dollar price of the bond? (Do not round intermediate
calculations and round your answer to 2 decimal places, e.g., 32.16.)
Q-3 (Set 2) A Japanese company has a bond outstanding that sells for
90 percent of its ¥100,000 par value. The bond has a coupon rate of
5.7 percent paid annually and matures in 19 years. What is the yield to
maturity of this bond? (Do not round intermediate calculations and
enter your answer as a percent rounded to 2 decimal places, e.g.,
32.16.) Q-3(Set 3) Even though most corporate bonds in the United