WEIGHTED YTM EXERCISE

Prune import has several bond issues outstanding, each making semiannual interest payments.
The bonds are listed in the following table.

Coupon
Price (% of par) Maturity Face Value
Rate
7.00% 103.00 5 years $40,000,000
8.50 108.00 8 Years 35,000,000
8.20 97.00 15.5 years 55,000,000
9.80 111.00 25 years 50,000,000

Use the above information to fill in the following table:

Coupon Market Weighted

Price # of Bonds Weightage YTM
Rate Value YTM
7.00%

8.50

8.20

9.80

TMV= rd=