1. A bond pays a semi-annual coupon at a coupon rate of 4.3% and has 3 years to maturity. If the market discount rate is 7.7%, what is the value of the bond (per $100 of face value)? a. $89.750 b. $91.045 c. $91.190 d. $88.905

2. The one-year spot rate is 4.1%, the two-year spot rate is 5% and the three-year spot rate is 5.9%. What is the price (per $100 of face value) of a 3-year bond paying a 5.7% annual coupon? a. $103.435 b. $99.464 c. $110.715 d. $99.645

3. A bond makes semi-annual interest payments at a coupon rate of 4.3% per year on 15 February and 15 August each year. What is the accrued interest (per $100 of face value) if the bond changes hands on 22 April 2020? a. $0.796 b. $0.784 c. $0.780 d. $0.791

4. A bond has an Annual Percentage Rate of 2.28%. If it's periodicity is 4, what is it's Equivalent Annual Rate? a. 2.700% b. 2.545% c. 2.300% d. 2.293%

5.A bank bill with 40 days to maturity is quoted at a discount rate of 4.81%. What is the value of the security (per $100 of face value) on a discount rate basis? (Assume a 365-day year.) a. $99.476 b. $101.180 c. $99.473 d. $100.479