1. What is the present value of bond with the following characteristics:

Semi-Annual Coupon Rate = 5%

Par = $1,000

Maturity = 5 years

YTM = 8%

2.

What is the present value of bond with the following characteristics:

Semi-Annual Coupon Rate = 4%

Par = $1,000

Maturity = 15 years

YTM = 7%

3.

Suppose a bond with a 3% coupon rate and semiannual coupons, has a face value of $1,000, 30 years to maturity, and is selling for $945.82.

What is the yield to maturity?

4.

What is the present value of bond with the following characteristics:

Semi-Annual Coupon Rate = 2%

Par = $1,000

Maturity = 100 years

YTM = 3%

5.

Suppose a bond with a 2.55% coupon rate and semiannual coupons, has a face value of $1,000, 10 years to maturity, and is selling for $685.82.

What is the yield to maturity?