1A) Calculate the yield to maturity (i.e., YTM) for the following bond. The bond matures in 7 years, has a coupon rate of 7.0% with semi-annual payments. The par value of the bond is $1000, while the current market value equals $753.18. (Round to 100th of a percent and enter your answer as a percentage, e.g., 12.34 for 12.34%)

1B) Your client is considering the purchase of a bond that is currently selling for $953.80. The client wants to know what annual rate of return can they expect to earn on the bond. The bond has 24 years to maturity, pays a coupon rate of 5.9% (payments made semi-annually), and a face value of $1000. (Round to 100th of a percent and enter your answer as a percentage, e.g., 12.34 for 12.34%)

1C) What is the current yield for a bond that has a coupon rate of 8.1% paid annually, a par value of $1000, and 28 years to maturity? Investors require a return of 10.4% from the bond. (Round to 100th of a percent and enter as a percentage, e.g. 12.34% as 12.34)

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