1. (Find YTM with annual coupons). Suppose a company has a bond outstanding that sells for 95 percent of its $1,000 par value. The bond has a coupon rate of 5.4 percent paid annually and matures in 16 years. What is the yield to maturity of this bond? 2. (Find coupon rate). Suppose a bond pays coupon annually. It has seven years to maturity, a par value of $1,000, and currently selling for $962. At this price, the bond yield 6.6 percent. What must the coupon rate be on the bonds? (Hint: find the coupon payment first and then the rate by dividing the coupon by the par value). 3. (Find bond price with semiannual coupons). Suppose your friend wants to invest in a bond with 14 years of maturity and a coupon rate of 7.5 percent. The bond makes semiannual payments and have a par value of $1,000. Your friend asked you for your suggestion. If the YTM on this bond is 5.8 percent, what is the current bond price? 4. (Find YTM with semiannual coupons). West Corp. issued 10-year bonds two years ago at a coupon rate of 7.2 percent. The bonds make semiannual payments. If these bonds currently sell for 102 percent of par value, what is the YTM?