The ________ is the expiration date of the bond. A) future ...

[james0929]

The ________ is the expiration date of the bond.
 
  A) future value
  B) yield to maturity
  C) maturity date
  D) coupon

Question 2

Ten years ago Bacon Signs Inc. issued twenty-five-year 8 annual coupon bonds with a 1,000 face value each. Since then, interest rates in general have fallen and the yield to maturity on the Bacon bonds is now 7.
 
  Given this information, what is the price today for a Bacon Signs bond?
  A) 1,000
  B) 1,116.54
  C) 1,091.08
  D) 914.41

[vickyvicksss]

Answer to Question 1

Answer: C

Answer to Question 2

Answer: C
Explanation: C)
Bond Price = PMT  +
= 80  + = 1,091.08.

MODE = END
INPUT 15 7 0 -80 -1,000
KEY N I/Y PV PMT FV
CPT 1,091.08

[james0929]

Excellent

[sarah_brady415]

Thanks for the timely response, appreciate it