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5. Bond Dave has a 3 percent coupon rate, makes semiannual payments, a 8 percent...

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Accounting

5. Bond Dave has a 3 percent coupon rate, makes semiannual payments, a 8 percent YTM, and 26 years to maturity. If interest rates suddenly rise by 5 percent, what is the percentage change in the price of Bond Dave? Enter the answer with 4 decimals (e.g. 0.0123).

6. You purchase a bond with an invoice price of $856. The bond has a coupon rate of 9 percent, and there are 1 months to the next semiannual coupon date. What is the clean price of the bond? Enter the answer with 2 decimals (e.g. 954.23).

7. You purchase a bond with an clean price of $875. The bond has a coupon rate of 6 percent, and there are 2 months to the next semiannual coupon date. What is the dirty price of the bond? Enter the answer with 2 decimals (e.g. 954.23).

8. Ackerman Co. has 11 percent coupon bonds on the market with 9 years left to maturity. The bonds make semiannualpayments. If the bond currently sells for $1035.15, what is its YTM? Answer with 4 decimals (e.g. 0.0123)

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