1 What is the price of a bond with a coupon rate of 8%, payable annually, a face value of $1000, 12 years to maturity, and a yield to maturity of 8.4%?

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2 What is the rate of return for an investor who pays $979.09 for a three year bond with a 7.9% coupon paid annually and a face value of $1,000 and sells the bond one year later for $1,019.25? Enter your answer as a percentage. Do not include the percentage sign in your answer.

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3 A two-year Treasury bill offers a 5% yield to maturity. The market's concensus forecast is that one-year T-bills will offer 4.7% next year. What is the current yield on a 1-year T-bill if the expectations hypothesis holds? Enter your answer as a percentage. Do not include the percentage sign in your answer.

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4 Consider the following bond where the coupons are paid semi-annually,

Bond	CIBC
Price	$1068.00
YTM	8%
Years to maturity	12 years

What is the coupon rate of this bond? The face value of the bond is $1,000. Enter your answer as a percentage. Do not enter the percentage sign in your answer.

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5 Consider a bond that has a price of $937.00, a coupon rate of 8.5%, a yield to maturity of 9.2%, a face value of $1000, and 20 years to maturity. What is the current yield? Enter your answer as a percentage. Do not include the percentage sign in your answer.

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