1. Builtrite bonds have the following: 5 1/2% coupon, 16 years until maturity, $1000 par and are currently selling at $1024. If you purchase this bond, what would be your AYTM?

a) 5.3% b) 5.1% c) 5.4% d) 5.6%

2. Builtrite bonds have the following: 5