1. What is the price of a straight bond with: $1,000 face value, coupon rate of 8%, YTM of 7%, and a maturity of 20 years? (You can use the formula, or excel) 2. A bond that traded today (March 22nd, 2021) matures in 5 years (March 22nd 2026). The coupon rate is 5% paid semiannually, and the bond is selling for $950. (Par value of $100). What is the YTM? 3. Suppose you buy a 5-year bond with a 10 percent annual coupon, payable semiannually. The next coupon payment is in three months. Assuming a par value of $1,000, and price of $1,020, what is the YTM? And what is the dirty or full price accounting for accrued interest? 4. Example: Suppose a bond has a Macaulay Duration of 7 years and a current yield to maturity of 6%. If the yield to maturity decreases to 5.40%, what is the resulting percentage change in the price of the bond