Project #87559 - Finance

I need the solutions asap. Thanks a lot

1) Crossdyme Corporation issued 20-year, noncallable, 7.4% annual coupon bonds at their par value of $1,000 one year ago.  Today, the market interest rate on these bonds is 5.5%.  What is the current price of the bonds, given that they now have 19 years to maturity?

2) Dylon Corp.'s bonds currently sell for $1,180 and have a par value of $1,000.  They pay a $60 annual coupon and have a 15-year maturity, but they can be called in 5 years at $1,100.  What is their yield to maturity (YTM)?

3) Kordyk Corporation's bonds have a 15-year maturity, a 7.25% semiannual coupon, and a par value of $1,000.  The going interest rate (rd) is 7.50%, based on semiannual compounding.  What is the bond’s price?

Subject Business
Due By (Pacific Time) 10/17/2015 08:53 pm
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