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16. What is the Current Yield of a 10% coupon bond with a PAR value of $1,000 and a current market price of $900? (See

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16. What is the Current Yield of a 10% coupon bond with a PAR value of $1,000 and a current market price of $900? (See the Module 2 Chapter 6 notes). 17. An investor purchases a $1,000 PAR value bond with an 8% coupon for $950. Interest rates drop over the next year. One year after his purchase, the investor sells the bond at PAR What is the HPR%? What is the HPR in dollars? 18. What is the current market value of a 6% coupon bond, with a PAR value of $10,000, paying a semi- annual coupon, with 15 years to maturity, if current market yields on similarly rated bonds is 7%

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