1.Calculate the price of a five-year bond that has a coupon of 6.5% and makes annual coupon payments. The current market yield is 5.75%.

2. Five years ago Thompson Tarps Inc. Issued 25-year 10% annual coupon bonds with a $1,000 face value each. Since then, interest rates in general have risen and the yield to maturity on the Thompson bonds is now 12%. given this information, what is the price today for a Thompson Tarps bond?

3. Ten years ago Bacon Signs Inc. Issued 25-year 8% annual coupon bonds with a $1,000 face value each. Since then, interest rates in general have fallen and the yield to maturity on the Bacon bonds is now 7%. given this information, what is the price today for a Bacon SIgns bond?

4. Endicott Enterprises Inc. has issued 30-year semi-annual coupon bonds with a face value of $1,000. If the annual coupon rate is 14% and the current yield to maturity is 8%, what is the firm's current price per bond?

5. RC Inc. just issued zero-coupon bonds with a par value of $1,000. If the bond has a maturity of 15 years and a yield to maturity of 10%, what is the current price of the bond if it is priced in the conventional manner? (Conventional manner means that bond is priced as if it did pay $0 coupon semi-annually.)

6. Delagold Corporation is issuing a zero-coupon bond that will have a maturity of 50 years. The bond's par value is $1,000 and the current yield on similar bonds is 7.5%. What is the expected price of this bond, using the semi-annual convention?