14. A bond with a face value of $1,000 has annual coupon payments of S100 and was issued 7 years ago. The bond currently sells for $1,080 and has 8 years left to maturity. This bond's must be 10%. I. yield to maturity II. current yield III. coupon rate c. d. I only I and II only III only II and III only I, II and III 15. Which of the following statements is correct? a. All else equal, if a bond's yield to maturity increases, its price will increase. b. All else equal, if a bond's yield to maturity increases, its current yield will fall. c. If a bond's yield to maturity exceeds the coupon rate, the bond will sell at a discount relative to par. d. None of the statements above is correct. 16, The Whitesell Athletic Corporation's bonds have a face value of $1,000 and a 10% coupon paid semi-annually. The bonds mature in 5 years. If the yield to maturity (YTM) is 8%, what will the bond sell for? a. S 967 b. $1,000 c. S 1.025.32 d. $ 1,059.85 e. S 1.081.11 17. Comerstone Industries has outstanding bonds with a 7% semiannual coupon and a par value of $1,000. The price of the bond today is $887.76. If the bond matures in 5 years, what is the bond's yield to maturity (YTM)? a. 4.296 b. 5.5% c. 7.5% d. 9.9% e 14.9% 18. J&J Inc. just issued a 30-year, $1,000 face value bond that has a coupon rate of 7% paid annually. What is the current yield on the bond assuming that the yield to maturity (YTM) is 6.8%? 7.18% 7.00% 6.83% 6,44% 6.30%