1. A bond has a 6% coupon rate (annual coupons), $1000 par value, and 10 years remaining until maturity. If the bond's yield to maturity is 5.25%, what is its price?

Enter your answer as a positive number. Round to the nearest cent.

2. A $1000-par 7% annual coupon bond has 12 years remaining until maturity and a YTM of 7%. If 5 years later its YTM has increased by 1%, what is its price at that time?

Enter your answer as a positive number. Round to the nearest cent.

3. You buy a $1000-par 6.5% annual coupon bond for $915 and sell it 4 years later for $940. What is your annual HPR?

Formatting: Enter "7.14" for 7.14%

4. You buy a bond with a $1000 par value, 7.5% annual coupon, and 14 years remaining with a YTM of 6.5%. If you sell the bond 5 years later and its YTM has decreased by 1% from when you bought it, what is your annual HPR?

Formatting: Enter "3.68" for 3.68%

5. A stock is expected to pay a $4 annual dividend one year from today. Dividends are expected to grow at a 4.7% rate annually. To an investor who requires a 14% return, what is the stock worth?

Round to the nearest cent.

6. If the stock in the previous question can be bought for $48, what is the investor's expected return?

Formatting: Enter "11.25" for 11.25%