Problem 11: Micron issues a 9% coupon bond with a maturity of 5 years and monthly interest payments. The face value of the bond, payable at maturity, is $1000. What is the value of this bond if your required rate of return is 12%
NPER
I/Y (Rate)
PV
PMT
FV
Compounding Periods
CPT (Compute) ?
Compute Growth Rate
?
Problem 12: What is the YTM of a bond that has a current price of $1128, coupon rate of 7.3%, $1000 par value, interest paid semi-annually, and nine years to maturity?
NPER
I/Y (Rate)
PV
PMT
FV
Compounding Periods
CPT (Compute) ?
Compute Growth Rate