1.A 25-year, $1,000 face value bond sells for $925 has an 8% annual coupon rate. The bond will mature in 10 years. What is the bonds yield to maturity?(3 Points)

1. 9.09%
2. 8.62%
3. 7.26%

2.You wish to purchase a 10-year bond that was issued in 2013, par value $1,000 and has a 6% coupon rate, payable semi-annually. The bond matures in 2023 and you require a 10% nominal yield to maturity. Whats the term to maturity of the bond iin 2020?(3 Points)

1. 10 years
2. 7 years
3. 3 years

3.At what price should you be willing to pay for the bond in 2020?(3 Points)

1. $898.47
2. $900.51
3. $825.91

4.Whats the bonds current yield?(3 Points)

1. 6.68%
2. 3.34%
3. 3.00%