1. Va

1. Vulcan, Inc., has 8.1 percent coupon bonds on the market that have 9 years left to maturity. The bonds make annual payments and have a par value of $1,000 If the YTM on these bonds is 10.1 percent, what is the current bond price? 2. The Petit Chef Co. has 10.9 percent coupon bonds on the market with seven years left to maturity. The bonds make annual payments and have a par value of $1,000. If the Bond currently sells for $1117.33, what is the YTM? 3. Big Canyon Enterprises has bonds on the market making annual payments, with 17 years to maturity, a par value of $1,000, and a price of $964. At this price, the bonds yield 7.6 percent What must the coupon rate be on the bonds? 4. Dufner Co. issued 14-year bonds one year ago at a coupon rate of 7.4 percent. The bonds make semiannual payments. If the YTM on these bonds is 5.4 percent, what is the current dollar price assuming a par value of $1,000? 5. Parkway Void Co. issued 16-year bonds two years ago at a coupon rate of 8.5 percent. The bonds make semiannual payments. If these bonds currently sell for 109 percent of par value, what is the YTM