Even though most corporate bonds in the united states

Even though most corporate bonds in the United States make coupon payments semiannually, bonds issued elsewhere often have annual coupon payments. Suppose a German company issues a bond with a par value of €1,000, 15 years to maturity, and a coupon rate of 6.1 percent paid annually.

If the yield to maturity is 7.2 percent, what is the current price of the bond? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16))

  Current price

€

A Japanese company has a bond outstanding that sells for 89 percent of its ¥100,000 par value. The bond has a coupon rate of 4.80 percent paid annually and matures in 19 years.

What is the yield to maturity of this bond? (Round your answer to 2 decimal places. (e.g., 32.16))

  Yield to maturity

 %

Page Enterprises has bonds on the market making annual payments, with nine years to maturity, and selling for $978. At this price, the bonds yield 7.40 percent.

What must the coupon rate be on the bonds? (Round your answer to 2 decimal places. (e.g., 32.16))

  Coupon rate

 %

Treasury bills are currently paying 8 percent and the inflation rate is 2.80 percent.

What is the approximate real rate of interest? (Round your answer to 2 decimal places. (e.g., 32.16))

  Approximate real rate

 %

What is the exact real rate? (Round your answer to 2 decimal places. (e.g., 32.16))

  Exact real rate

 %

Martin Software has 11.4 percent coupon bonds on the market with 18 years to maturity. The bonds make semiannual payments and currently sell for 108.5 percent of par.

What is the current yield on the bonds? (Round your answer to 2 decimal places. (e.g., 32.16))

  Current yield

 %

What is the YTM? (Round your answer to 2 decimal places. (e.g., 32.16))

  YTM

 %

What is the effective annual yield? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16))

  Effective annual yield

 %