1- Langford Co. issued 14-year bonds a year ago at a coupon rate of 8.4%. The bonds make semiannual payments. If the YTM on these bonds is 6.7%, what is the current bond price? (Do not round intermediate calculations. Round the final answer to 2 decimal places.

2-An investment offers a 17% total return over the coming year. Bill Morneau thinks the total real return on this investment will be only 13%. What does Morneau believe the inflation rate will be over the next year? (Do not round intermediate calculations. Round the final answer to 2 decimal places.)

3-Bond J is a 3.6% coupon bond. Bond K is a 9.6% coupon bond. Both bonds have 15 years to maturity, make semiannual payments and have a YTM of 6.6%. (Do not round intermediate calculations. Negative answers should be indicated by a minus sign. Round the final answers to 2 decimal places.)

If interest rates suddenly rise by 2%, what is the percentage price change of these bonds?

Percentage change in price of Bond J ?

Percentage change in price of Bond K ?

What if rates suddenly fall by 2% instead?

Percentage change in price of Bond J Percentage change in price of Bond K ?

4- Oak Bay Software has 9.9% coupon bonds on the market with 18 years to maturity. The bonds make semiannual payments and currently sell for 107.5% of par.

What is the YTM? (Do not round intermediate calculations. Round the final answer to 2 decimal places.)

What is the effective annual yield? (Do not round intermediate calculations. Round the final answer to 2 decimal places.)

5- Colwood Corp. has 9.0% coupon bonds making annual payments with a YTM of 8.2%, current market value of $1,057.00.

How many years do these bonds have left until they mature? (Do not round intermediate calculations. Round the final answer to 2 decimal places.)