MC10. 3&4

Question 3 1 pts Kevin Rogers is interested in buying a five-year bond that pays a coupon of 10 percent on a semiannual basis: The current market rate for similar bonds is 8.8 percent. What should be the current price of this bond? (Do not round intermediate computations. Round your final answer to the nearest dollar.) What is the duration of the bond in B16? none of the answers is correct 5.93 4.08 3.91 2.45 Question 4 1pts Triumph Corp. issued five-year bonds that pay a coupon of 6.375 percent annually. The current market rate for similar bonds is 8.5 percent. How much will you be willing to pay for Friumph's bond today? (Do not round intermediate computations. Round-your final answer to the nearest dollar.) What is the price of bond in cell B6? $916 none of the answers is correct $1,023 $897 $1,137 Question 3 1 pts Kevin Rogers is interested in buying a five-year bond that pays a coupon of 10 percent on a semiannual basis: The current market rate for similar bonds is 8.8 percent. What should be the current price of this bond? (Do not round intermediate computations. Round your final answer to the nearest dollar.) What is the duration of the bond in B16? none of the answers is correct 5.93 4.08 3.91 2.45 Question 4 1pts Triumph Corp. issued five-year bonds that pay a coupon of 6.375 percent annually. The current market rate for similar bonds is 8.5 percent. How much will you be willing to pay for Friumph's bond today? (Do not round intermediate computations. Round-your final answer to the nearest dollar.) What is the price of bond in cell B6? $916 none of the answers is correct $1,023 $897 $1,137