1. Santos Energy has 9.5% annual coupon bonds outstanding with 15 years left until maturity. The bonds have a face value(FV) of $1,000 and their current market price (PV)is $1,007.76. What is the YTM on Santos's bonds?

A 9.08%

B 10.82%

C 7.90%

D 8.18%

E 9.40%

2. What is the current yield on Santos outstanding bonds?

A 9.43%

B 9.19%

C 8.96%

D 8.55%

E 9.95%

3. What is the expected capital gains yield on Santos's outstanding bonds?

A 9.40%

B -.11%

C -.03% D 9.43%

E-.20%

4. Santos's bonds have a call provision that allows Santos to call the bonds in five years at a call price of $1040. What is the yield to call on the bonds?

A 9.29%

B 9.95%

C 8.03%

D 7.43%

E 6.85%

5. What rate of return can investors expect to earn on Santos's bonds if they purchase them today?

A 9.40%

B 9.08%

C 9.95%

D 9.29%

E 8.64%