1. Timmons, Inc, has 7% bonds, with an annual coupon, on the market with 12 yeari left to maturity. If the yield to maturity is 8%, what is the bond's current price? A) 51,075 B) $1,105 C) 5894 E) $954 2. Dizzy Corp. bonds bearing a coupon rate of 12%, pay coupons semiannually, have 3 years remaining to maturity, and are currently priced at $940 per bond. What is the yield to maturity? A) 12.00% B) 13.99% C) 14.54% D) 15.25% E) 15.57% 3. You are buying a zero-coupon bond for one-quarter of its face or maturity or par value. It matures in twenty years. What is the implied yield to maturity on this bond? (You may assume it is a traditional $1,000 bond.) A) 7.08% B) 7.18% C) 7.28% D) 7.38% E) 7.48% 4. JeJ Manufacturing just issued a bond with a $1,000 face value and a coupon rate of 8%. If the bond has a life of 20 years, pays annual coupons, and the yield to maturity is 7.5%, what is the present value of the bond's coupon payments? A) $235.41 B) $341.15 C) $815.56 D) $1,000.00 E) $1,050.97