1) If an investor sells a 10-year bond, 6% annual coupon bond after 4 years, assuming the coupon payments can be reinvested at 8% for its 10 year life, what would they realize in sale proceeds in year 4?

A) 90.754$

B) 100$

C) 95.234

2) The total return from the sale of the bond after 4-years is:

A) 127.037

B) 117.393

C) 117.791

3) What would the realized rate of return (%) be on this investment, again remembering that it was sold in year 4?

A) 8.999%

B) 6.959%

C) 6.869%

4) In this example where the investor purchased the bond at $90 (discount price) and 4 years later sold the bond, the resulting gain or loss they incurred on the security is determined by comparing the sale price to the:

A) Original purchase price

B) Carrying Value

C) Original purchase price plus the amortized amount of the premium

5) An investor buys a 6% annual payment bond with 10 years to maturity. The bond has a ytm of 8% and is currently priced at 86.580$ per 100 of par. What is the bond's Macaulay Duration?