1. Dexter Mills issued 20-year bonds a year ago at a coupon rate semiannual payments. The yield-to-maturity on these bonds is 9.2 percent. What is the current bond price? A. $985.55 B. $991.90 C. $1,090.71 D. $1,190.93 E. $1,098.00 2. Suppose the real rate is 9.5 percent and the inflation rate is 2.8 percent. What rate would you expect to see on a Treasury bill? A. 12.57 percent B. 12.50 percent C. 11.47 percent D. 7.80 percent E. 11.60 percent You want to have $1.05 million in real dollars in an account when you retire in 38 years. The nominal return on your investment is 8 percent and the inflation rate is 1.5 percent. What is the real amount you must deposit each year to achieve your goal? A. $10,667.67 B. $10,878.49 C. $11,194.39 D. $11,302.03 E. $11,744.12 3. 4. A corporate bond is quoted at a price of 106.13 and carries a 5.20 percent coupon. The bond pays interest semiannually. What is the current yield on one of these bonds? A. $7,667.67 B. $7,020.59 C. $7,194.39 D. $7,302.03 E. $7,744.12