16a. What is the most we should pay for a bond with a par value of $1000, coupon rate of 5.2% paid annually, and a remaining life of 29 years? The yield to maturity is 4.6%. Assume annual discounting. (Round your answer to the nearest penny.) Answer:

17a.Compute the current yield on a bond with a yield to maturity of 7.3%, a par value of $1000, a coupon rate of 4.0% paid semi-annually, a remaining life of 17 years? (Round to 100th of a percent and enter as a percentage, e.g. 12.34% as 12.34 and state as an annual rate.) Answer:

17c.Compute the yield to maturity for a zero coupon bond with a maturity of 14 years and a face value of $1000. The bond is selling for $610.46. (Assume annual discounting.) (Round to 100th of a percent and enter as a percentage, e.g. 12.34% as 12.34) Answer: