1. A) Dawgpound Incorporated has a bond trading on the secondary market that will mature in four years. The bond pays an annual coupon with a coupon rate of 7.00%. Dawgpound bonds currently trade at $893.00, with a face value of $1,000. If you purchase the bond at this price, what is your yield to maturity?

B) Leonard Cooper is looking to invest in a two-year bond from Big Bang Productions Corporation. The company makes semi-annual coupon payments of $55.00 (every 6 months) with a face value of $1,000. If the market price of the bonds is $1,036.00, what yield to maturity will Leonard earn (express as an EAR)?

2. A) Leonidas Corporation has bonds trading on the secondary market for $981.56. The bonds will mature in 7 years and have a face value of $1,000. The bonds pay semi-annual coupons with a 6.21% APR. What is the yield to maturity for an investor who buys the bonds today? (Express as an APR)