1)

Kellog Co. issues $100,000 total of bonds with a maturity of 5 years, which pay 3% interest annually.The bond yield to maturityis 3.5%.

What is the price of ONE bond today?

PV of interest payments ?

PV of maturity amount ?

Present price of the bond?

This bonds sells at aDiscountorPremium?

2)

January 2019, Hertz Company issues $1 million of 8% coupon bonds due

January 2034, this bonds pay interest semiannually. If the yield to maturity on the bonds is 7%, what is the selling price of the bonds?

PV of interest payments ?PV of maturity amount ?

Present price of the bond ?

3)

May, 2019, Aflec Company issues $5 million of bonds which pay $50 interest semiannually on each bond. The bonds are to be redeemed in May, 2029. If the yield to maturity on these bonds is 9%, what is the selling price of the bonds?

PV of interest payments ?

PV of maturity amount ?

Present price of the bond ?