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-4 ( Set 1 ) The next dividend payment by ECY , Inc ., will be $ 1.96 per share . The dividends are anticipated to maintain a growth rate of 4 percent , forever . The stock currently sells for $ 39 per share .
What is the dividend yield ? ( Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places , e . g ., 32.16 .)
Dividend yield %