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1. How much would you be willing to pay for a bond that pays semi-annual coupon payments and has the following characteristics: (a) NPER: 12,

1. How much would you be willing to pay for a bond that pays semi-annual coupon payments and has the following characteristics: (a) NPER: 12, (b) YTM: 5.25%, and Coupon Payment: $25.80.

2. What is the maximum price that you would be willing to pay for a non-constant growth stock that has the following characteristics: (a) Non-Constant Growth Rate: 20%, (b) Constant Growth Rate: 5.5%, (c) Dividend: $2.36, and (d) Required Rate of Return: 12%.

3. Calculate the difference between daily and annual compounding, given the following information: (a) PV: $25,000, (b) NPER: 30, and (c) RATE: 11%.

4. Calculate the PMT on a mortgage, given the following information: (a) PV: $362,000, (b) RATE: 5%, and NPER: 30.

5. Calculate the RATE given the following characteristics: (a) PMT: $15,250 (you are paying), (b) FV: $134,000, and (c) NPER: 10.

6. Calculate the required rate of return on a companys stock that has the following characteristics: (a) Constant Growth Rate: 4%, (b) Price: $22.30, and (c) Dividend (Has Been Paid): $5.00.

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