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Economics (611)
ECON 2560 (29)
Lecture

Ch6 Solutions 2.doc

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Department
Economics
Course
ECON 2560
Professor
Norman Smith
Semester
Summer

Description
Brealey 5CESolutions to Chapter 6NoteUnless otherwise stated assume all bonds have 1000 face par value3Coupon payment08 x 100080 Current yield80bond price07Therefore bond price80071142864Par value is 1000 by assumptionCoupon rate801000088 Current yield809500842842Yield to maturity91185 Enter in the calculator N 6 PV950 FV1000 PMT809Coupon paymentinterest05100050Capital gain11001000100Rate of return151510Tax on interest receivedtax rateinterest35015Af
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