1. Cisco has 12-year bonds, with a face value of $1000, and semiannual coupons of 5%. Investors required 6.75%. The bonds will be selling at

a. a discount

b. at par

c. at a premium

d. not enough information

2. Cisco has 12-year bonds, with a face value of $1000, and semiannual coupons of 5%. Investors required 6.75%. What will the bonds sell for?

a. $501.67

b. $657.89

c. $931.86

d. $857.63

e. $932.42

3. Cisco has 12-year bonds, with a face value of $1000, and semiannual coupons of 5%. Investors require 6.75%. Given the price of the bonds, what is the YTM on them?

a. 6.75%

b. 5%

c. 2,5%

d. 3.375%

e. approximately 6.5%