1. Dawson, Inc., has a 7.5% coupon bond that matures in 9 years. The bond pays interest semi-annually. What is the market price of a $1,000 face value bond if the yield to maturity is 7.8%?

	$1,050.10
	$980.86
	$1,049.07
	$1,045.18
	$1,046.55

2. M&M Inc. just issued a bond with a $1,000 face value and a coupon rate of 7.5%. If the bond has a life of 40 years, pays annual coupons, and the yield to maturity is 6.8%, what will the bond sell for?

	$1,095.53
	$975.18
	$1,000.00
	$1,087.25
	$1,025.32

3. Graham, Inc. bonds bearing a coupon rate of 15%, pay coupons semiannually, have two years remaining to maturity, and are currently priced at $980 per bond. The par / face value is $1,000. What is the yield to maturity?

	15.00%
	16.57%
	16.21%
	16.25%
	15.99%