1. Motors bonds have 15 years remaining to maturity. Interest is paid annually, they have a $1,000 par value, the coupon interest rate is 10%, and the yield to maturity is 9%. What is the bonds current market price?

2. Callaghans Motors bonds have 15 years remaining to maturity. Interest is paid semi-annually, they have a $1,000 par value, the coupon interest rate is 9%, and the yield to maturity is 8%. What is the bonds current market price?

3. A bond has a $1,000 par value, 10 years to maturity, and a 8% annual coupon and sells for $985. What is the yield to maturity (YTM)?

4. Nungesser Corporations outstanding bonds have a $1,000 par value, a 9% semiannual coupon, 8 years to maturity, and an 8.5% YTM. What is the bonds price?

5. Suppose a five-year, $1000 bond with annual coupons has a price of $900 and a yield to maturity of 6%. What is the bonds coupon rate?

6. Suppose a 10-year, $1000 bond with an 8% coupon rate and semiannual coupons is trading for $1034.74.

a. What is the bonds yield to maturity?

b. If the bonds yield to maturity changes to 9%, what will the bonds price be?

7. Suppose a seven-year, $1000 bond with an 8% coupon rate and semiannual coupons is trading with a yield to maturity of 6.75%.

a. Is this bond currently trading at a discount, at par, or at a premium? Explain.

b. If the yield to maturity of the bond rises to 7.00% (APR with semiannual compounding), what price will the bond trade?