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Option #1: Bond Valuation and Yields

Below are four bond problems that you must solve. Enter your answer and supporting calculations into a Word document and submit it. You will need to use a financial calculator or an online financial tool, but you must include what information you are entering and what you are computing in your submission. Assume the bond face value is $1,000.

1. You are considering the purchase of a 7%, 15-year bond that pays interest annually. If the yield to maturity on the bond is 6%, what price will you pay? Round your answer to the nearest cent.
2. What is the current yield on the bond from #1? Round your answer to the nearest tenth of a % (e.g., 12.2%).
3. Assume that you purchased the bond at the price determined in #1. It is now two years later and the bond is selling for $1,120. What is the bond’s yield to maturity at this point in time? Round your answer to the nearest tenth of a percent.
4. Assume that you purchased the bond at the price determined in #1. Now you sell the bond for $1,120. Assume you receive the second year’s interest payment on the sale date. What is your rate of return on this investment? You must use a financial calculator to compute this return and round your answer to the nearest tenth of a percent.
5. Your paper must adhere to the CSU-Global Guide to Writing and APA (Links to an external site.)Links to an external site..