1. A bond with 10 years to maturity has a face value of $1,000. The bond pays an 8 percent semiannual coupon, and the bond has a 9.7 percent nominal yield to maturity. What is the price of the bond today?

2. A bond with 10 years to maturity has a face value of $1,000. The bond pays an 8 percent semiannual coupon, and the bond has a 9 percent nominal yield to maturity. What is the price of the bond today?

a. $908.71

b. $934.96

c. $935.82

d. $952.37

e. $960.44

f. None of the above

3. A corporate bond that matures in 12 years pays a 9 percent annual coupon, has a face value of $1,000, and a current price of 980. The bond can first be called four years from now. The call price is $1,050. What is the bonds yield to call?

a. 10.01%

b. 5.36%

c. 10.71%

d. 11.86%

e. None of the above

4. Interest rate risk refers to the fluctuations in bond prices due to a change in market interest rates. Bonds with ________ time to maturity experience a ________ change in price.

a. longer; smaller.

b. shorter; larger.

c. longer; greater.

d. shorter; greater.

e. Statements c and d are correct.

5. Which of the following statements is most correct?

a. All else equal, if a bonds yield to maturity increases, its price will fall.

b. All else equal, if a bond is down graded by the rating agencies its yield to maturity will increase.

c. If a firm has two bond issues that are identical except one is subordinate to the other, the subordinate issue will have a higher yield to maturity than the other issue.

d. A B and C are correct.

e. None of the above are correct

please help me answer question 1-5