1. You paid $1171 for a corporate bond that has a 10.81 percent coupon rate. What is the bond's current yield?

Round the answer to two decimal places in percentage form.

2.

Fresh Fruit, Inc. has a $1,000 par value bond that is currently selling for $867. It has an annual coupon rate of 10.51 percent, paid semiannually, and has 26-years remaining until maturity. What would the annual yield to maturity be on the bond if you purchased the bond today and held it until maturity?

Round the answer to two decimal places in percentage form. (Write the percentage sign in the "units" box)

You should use Excel or financial calculator.

3.

Bright Sun, Inc. sold an issue of 30-year $1,000 par value bonds to the public. The bonds had a 11.58 percent coupon rate and paid interest annually. It is now 7 years later. The current market rate of interest on the Bright Sun bonds is 8.26 percent. What is the current market price (intrinsic value) of the bonds?

Round the answer to two decimal places.

4.

Assume that today's date is February 15, 2015. Robin Hood Inc. bond is an annual-coupon bond. Par value of the bond is $1,000. How much you will pay for the bond if you purchased the bond today? The answer should be calculated to two decimal places

Company	Price	Coupon Rate	Maturity Date	YTM	Current Yield	Rating
Robin Hood	108.594	11.431	2-15- 2032	-	-	D