1)

Kasey Corporation has a bond outstanding with a coupon rate of 5.87 percent and semiannual payments. The bond has a yield to maturity of 6.9 percent, a par value of $2,000, and matures in 13 years. What is the quoted price of the bond?

Multiple Choice

• 91.51

• 93.08

• 1,825.05

• 91.25

• 2,007.56

2)

Westco Company issued 14-year bonds a year ago at a coupon rate of 8 percent. The bonds make semiannual payments and have a par value of $1,000. If the YTM on these bonds is 6.3 percent, what is the current bond price in dollars? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Current Bond price: