1. A semi-annual bond has a face value of $10,000, a coupon rate of 11.6%, a yield to maturity of 7.9% and has 4 years remaining to maturity. What is the price of the bond?

2. An annual bond has a face value of $10,000, a coupon rate of 10.3%, a yield to maturity of 11.2% and has 4 years remaining to maturity. What is the price of the bond?

3. An annual bond has a face value of $1,000, a coupon rate of 11.2%, a yield to maturity of 5.2%. The price of the bond is $1065.54. What is the current yield of the bond?

Please give your answer to 2 decimal places: 9.99%

4. If the yield to call is more than the yield to maturity we can expect, as bondholders, that the firm will

5. A zero coupon bond, when issued today in the US, will sell for:

a. More than face value

b. Face value

c. Less than face value

d. Not enough information to decide