1. A Japanese company has a bond outstanding that sells for 95 percent of its 100,000 par value. The bond has a coupon rate of 5.4 percent paid annually and matures in 16 years.

What is the yield to maturity of this bond?(Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

2. Sqeekers Co. issued 11-year bonds a year ago at a coupon rate of 8.3 percent. The bonds make semiannual payments and have a par value of $1,000. If the YTM on these bonds is 6.6 percent, what is the current bond price?(Do not round intermediate calculations. Round your answer to 2 decimal places, e.g., 32.16.)

Find the APR, or stated rate, in each of the following cases(Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.):

Stated Rate (APR)		Number of Times Compounded		Effective Rate (EAR)
	%				Semiannually			11.3	%
					Monthly			12.2
					Weekly			9.9
					Infinite			13.6

Cannonier, Inc., has identified an investment project with the following cash flows.

Year	Cash Flow
1		$	1,000
2			1,230
3			1,450
4			2,190

If the discount rate is 9 percent, what is the future value of these cash flows in Year 4?(Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Future value

$

What is the future value at a discount rate of 12 percent?(Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Future value

$

What is the future value at a discount rate of 23 percent?(Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Future value

$

Essary Enterprises has bonds on the market making annual payments, with seven years to maturity, a par value of $1,000, and selling for $962. At this price, the bonds yield 6.6 percent.

What must the coupon rate be on the bonds?(Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

Coupon rate

%