1) A bond with a coupon rate of 6.5%, maturing in 10 years at a value of $1,000 and a current market price of $950, will have a yield to maturity (using the approximation formula of

between 6% and 6.5%

between 6.5% and 7%

between 7% and 7.5%

between 7.5% and 8%

Gray House is issuing bonds paying $95 annually that will mature 15 years from today. The bond is currently selling for $980

Calculate the current yield

9.5%

9%

9.7%

none of these options

3) Gray House is issuing bonds paying $95 annually that will mature 15 years from today. The bond is currently selling for $980

Calculate the coupon rate

9%

9.5%

8.5%

none of these options

4) The Laird Accounting Corporation has a bond outstanding with an $85 annual interest payment, a market price of $800, and a maturity date in five years. Assume the par value of the bond is $1,000.

Calculate the Coupon Rate

	8%
	.8%
	8.5%
	none of these options

5) Solow Corp. has a bond with annual interest payments of $109 maturing in 10 years at a value of $1,000 per bond. The current market price is $960. What will the nominal yield be?

	9.1%
	12.5%
	11.5%
	10.9%

6) Allais Company's bond has an $85 annual interest payment that will mature in 10 years at a value of $1,000. The bond has a current market price of $1,140. What is the nominal yield of the bond?

	7.5%
	12.4%
	8.5%
	10%

7) The Laird Accounting Corporation has a bond outstanding with an $85 annual interest payment, a market price of $800, and a maturity date in five years. Assume the par value of the bond is $1,000.

Calculate the Current yield

	10.63%
	10.55%
	10.66%
	10.60%

8) Gray House is issuing bonds paying $95 annually that will mature 15 years from today. The bond is currently selling for $980.

Calculate Approximate Yield to Maturity

	9.25%
	9.5%
	9.75%
	9%

9) The Laird Accounting Corporation has a bond outstanding with an $85 annual interest payment, a market price of $800, and a maturity date in five years. Assume the par value of the bond is $1,000.

Calculate the Approximate yield to maturity

	14%
	14.2%
	14.4%
	14.6%

10) A bond with a coupon rate of 6.5% (assume it is paid once annually), maturing in 10 years at a value of $1,000 and a current market price of $695, will have a current yield of

	11.3%
	10.2%
	9.4%
	8.5%

1 1) A bond with a coupon rate of 6.5%, maturing in 10 years at a value of $1,000 and a current market price of $950, will have a yield to maturity (using the approximation formula) of between 6% and 6.5% between 6.5% and 7% between 7% and 7.5% between 7.5% and 8% 2) Gray House is issuing bonds paying $95 annually that will mature 15 years from today. The bond is currently selling for $980 Calculate the current yield 9.5% 9% 9.7% none of these options 3) Gray House is issuing bonds paying $95 annually that will mature 15 years from today. The bond is currently selling for $980 Calculate the coupon rate 2 9% 9.5% 8.5% none of these options 4) The Laird Accounting Corporation has a bond outstanding with an $85 annual interest payment, a market price of $800, and a maturity date in five years. Assume the par value of the bond is $1,000. Calculate the Coupon Rate 8% .8% 8.5% none of these options 5) Solow Corp. has a bond with annual interest payments of $109 maturing in 10 years at a value of $1,000 per bond. The current market price is $960. What will the nominal yield be? 9.1% 12.5 % 11.5 % 10.9 % 6) Allais Company's bond has an $85 annual interest payment that will mature in 10 years at a value of $1,000. The bond has a current market price of $1,140. What is the nominal yield of the bond? 3 7.5% 12.4 % 8.5% 10% 7) The Laird Accounting Corporation has a bond outstanding with an $85 annual interest payment, a market price of $800, and a maturity date in five years. Assume the par value of the bond is $1,000. Calculate the Current yield 10.63 % 10.55 % 10.66 % 10.60 % 8) Gray House is issuing bonds paying $95 annually that will mature 15 years from today. The bond is currently selling for $980. Calculate Approximate Yield to Maturity 9.25 % 9.5% 9.75 % 9% 9) The Laird Accounting Corporation has a bond outstanding with an $85 annual interest payment, a market price of $800, and a maturity date in five years. Assume the par value of the bond is $1,000. Calculate the Approximate yield to maturity 14% 14.2 4 % 14.4 % 14.6 % 10) A bond with a coupon rate of 6.5% (assume it is paid once annually), maturing in 10 years at a value of $1,000 and a current market price of $695, will have a current yield of 11.3 % 10.2 % 9.4% 8.5%