1) Your firm has issued 15 year zero coupon bond with. $ 1,000 face value. If the bond are currently selling for $585, what is the annual yield to maturity, assuming semiannual compounding. Please show steps without using a calculator.

a) 2,77%

B 3.61%

c) 3.68%

d) the equation cannot be answered because there is no coupon payment provide

2) Sanibel Industries has $1000 par value bonds with a coupon rate of 7% per year making semiannual payments. If there are 11 remaining prior to maturity and these bonds are selling for 1.076 what is the annual yield to maturity for these bonds. Please show steps without using a calculator.

A 1.51%

b 3.03%

c 6.04 %

d 12.10%

3) Fourteen years ago, Cass industries issues 30 years 6% annual coupon bonds with a $1000 face value and with semiannual coupon payments. Since then interest rates in general have declined and the yield maturity on the Cass bonds is now 5%. Given this information what would be the price today for a Cass industries bond. Please show steps without using a calculator

a 1,109.25

b 1,108.38

c. 943.56

d. 823.33