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1 . What is the quoted price of a 1 6 - year 6 . 7 % semiannual bond yielding 6 . 7 % ?

1. What is the quoted price of a 16-year 6.7% semiannual bond yielding 6.7%?
2. What is the quoted price of a 9-year 6.7% annual coupon bond yielding 6.5%?
3. An A-rated bond, relative to a B-rated bond with the same coupon rate:
has a higher yield and a higher price
has a higher yield and a lower price
has a lower yield and a higher price
has a lower yield and a lower price
4. A 6% coupon bond yields 7%. The current yield is likely to be:
lower than 5%
about 5%
higher than 5% but lower than 6%
higher than 6%

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