1. Firm X has 7.91 percent coupon bonds on the market with 11 years to maturity. The bonds make semiannual payments and currently sell for 100.06 percent of par. What is the current yield on X's bonds? Answer in percent to two decimals.

2. A semiannual-pay bond has 9 years to maturity, a yield to maturity of 8.83 percent and is priced at $918.32. What is its annual coupon rate? Answer in percent to two decimals.

3. A premium annual-pay bond pays a $85 coupon, has a yield to maturity of 5.35%, and is priced at $1,115.66. How many years till the bond matures? Answer in years to at least two decimal places.

4. XKL Co.has 9.2 percent semiannual-pay coupon bonds that sell for 97.5 percent of par and mature in 22 years. What is the yield to maturity for these bonds in percent? 

5. PQR Co. wants to issue new 20-year bonds for some much-needed expansion projects. The company currently has 7.8 percent coupon bonds on the market that sell for $1,125, make semiannual payments, and mature in 20 years. What coupon rate should the company set on its new bonds if it wants them to sell at par? 

6. One year ago, XYZ Co. issued 19-year bonds at par. The bonds have a coupon rate of 6.47 percent, paid semiannually, and a face value of $1,000. Today, the market yield on these bonds is 6.76 percent. What is the percentage change in the bond price over the past year? Answer to two decimals

7. Suppose ABC Co. issues $15.08 million of 27 year zero coupon bonds today. If investors require a return of 4.48 percent compounded semiannually and all the bonds remain outstanding until they mature, how much (in $ millions) will ABC have to pay to redeem the bonds. Answer in millions to two decimals - ie, if you get $50,268,382, you should enter 50.27.