Problems
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Skill-Building Problems.
1. Given the yield curve as published by the financial press, consider a coupon bond has a face
value of $2,000 , an annual coupon rate of 4.2% , makes 2 (semiannual) coupon payments per
year, and 8 periods to maturity (or 4 years to maturity). Determine the price and yield to
maturity of this coupon bond based on the Annual Percentage Rate (APR) convention. Then use it
to determine the price and yield to maturity of this coupon bond based on the Effective Annual
Rate (EAR) convention.
2. Given the yield curve as published by the financial press, calculate the implied forward rates at all
maturities.
Live In-class Problems.
3. Given the partial Obtaining It From Bond Listings spreadsheet YieldliZ.xls, do step 2 Time To
Maturity.
4. Given the partial Using It To Price A Coupon Bond spreadsheet YieldcoZ.xls, complete step 4
Calculate the Price and Yield To Maturity of a Coupon Bond using the Cash Flows.
5. Given the partial Using It To Determine Forward Rates spreadsheet YieldfoZ.xls, do step 3
Forward Rates.
Skill-Building Problems.
1. Given the yield curve as published by the financial press, consider a coupon bond has a face
value of $2,000 , an annual coupon rate of 4.2% , makes 2 (semiannual) coupon payments per
year, and 8 periods to maturity (or 4 years to maturity). Determine the price and yield to
maturity of this coupon bond based on the Annual Percentage Rate (APR) convention. Then use it
to determine the price and yield to maturity of this coupon bond based on the Effective Annual
Rate (EAR) convention.
2. Given the yield curve as published by the financial press, calculate the implied forward rates at all
maturities.
Live In-class Problems.
3. Given the partial Obtaining It From Bond Listings spreadsheet YieldliZ.xls, do step 2 Time To
Maturity.
4. Given the partial Using It To Price A Coupon Bond spreadsheet YieldcoZ.xls, complete step 4
Calculate the Price and Yield To Maturity of a Coupon Bond using the Cash Flows.
5. Given the partial Using It To Determine Forward Rates spreadsheet YieldfoZ.xls, do step 3
Forward Rates.