1. Firm Xs outstanding bonds have a $1,000 par value, and they mature in 15 years. Their yield to maturity is 5.25%, they pay coupons semiannually, and sell at a price of $876. What is the bonds coupon rate?

2. Firm Y has a 6-year, 8 percent annual coupon bond outstanding with a $1,000 par value. The bond has a yield to maturity of 7.5 percent. What is the % price change if the market yield suddenly increases to 8.5 percent?

3. Firm Zs bonds have a face value of $1,000 and are currently sold for 89.6% of the par. The bonds have a 6.5 percent coupon rate. What is the current yield on these bonds?

4. The zero-coupon bonds of XYZ have a market price of $576.23, a face value of $1,000, and a yield to maturity of 6.89 percent. How many years is it until these bonds mature? Assume semi-annually.

5. Firm XYZ wants to raise $50 million to expand its business. To accomplish this, it plans to sell 20-year, $1,000 face value, 5.5% coupon bonds semiannually. The bonds will be priced to yield 6.25 percent. What is the number of bonds it must sell to raise the $50 million it needs?