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Weismann Co. issued 15-year bonds 4 years ago at a coupon rate of 3.9 percent....

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Finance

Weismann Co. issued 15-year bonds 4 years ago at a coupon rate of 3.9 percent. The bonds make semiannual payments and have a par value of $1,000. If the YTM on these bonds is 3.5 percent, what is the current bond price?

East Corp. issued 25-year bonds seven years ago at a coupon rate of 4.25 percent. The bonds make semiannual payments. If these bonds currently sell for 103.25 percent of par value, what is the YTM?

Assume that the Financial Management Corporations $1,000-par-value bond had a 3.700% coupon, matured on May 15, 2021, had a current price quote of 99.708, and had a yield to maturity (YTM) of 8.034%. Given this information, answer the following questions: What was the dollar price of the bond? What is the bonds current yield? Is the bond selling at par, at a discount, or at a premium? Why? Compare the bonds current yield calculated in part b to its YTM and explain why they differ.

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