1)Callaghan Motors' bonds have 7 years remaining to maturity. Interest is paid annually, they have a $1,000 par value, the coupon interest rate is 7.5%, and the yield to maturity is 11%. What is the bond's current market price? Round your answer to the nearest cent.

2)A bond has a $1,000 par value, 8 years to maturity, and a 7% annual coupon and sells for $980

What is its yield to maturity (YTM)? Round your answer to two decimal places.

Assume that the yield to maturity remains constant for the next 4 years. What will the price be 4 years from today? Round your answer to the nearest cent.

3)

Nungesser Corporation's outstanding bonds have a $1,000 par value, a 9% semiannual coupon, 19 years to maturity, and an 10.5% YTM. What is the bond's price? Round your answer to the nearest cent.

4)

Problem 7-11 Bond yields One year ago Clark Company issued a 10-year 14% se annual coupon bond at its par value ofs1 000.curently, the bond can be called in 6 years at a price of $1,060 and it now sells for sl 300 a. What is the bond's nominal yield to maturity? Round your answer to two decimal places. 96 What is the bond's nominal yield to call? Round your answer to two decimal places Would an investor be more likely to earn the YTM or the YTC? Select- b. What is the current yield? (Hint: Refer to Footnote 7 for the definition of the current yield and to Table 7.1.) Round your answer to two decimal places. Is this yield affected by whether the bond is likely to be called? I. If the bond is called, the current yield and the capital gains yield will both be different. II. 1f the bond is called, the current yield and the capital gains yield will remain the same but the coupon rate will be different. III. If the bond is called, the current yield will remain the same but the capital gains yield will be different. IV. If the bond is called, the current yield and the capital gains yield vill remain the same. V. If the bond is called, the capital gains yield will remain the same but the current yield will be different. Select" c. What is the expected capital gains (or loss) yield for the coming year? Round your answer to two decimal places Is this yield dependent on whether the bond is expected to be called? I. If the bond is not expected to be called, the appropriate expected total return is the YTC. II. If the bond is expected to be called, the appropriate expected total return will not change III. The expected capital gains (or loss) yield for the coming year depends on whether or not the bond is expected to be called. IV. The expected capital gains (or loss) yield for the coming year does not depend on whether or not the bond is expected to be called V. If the bond is expected to be called, the appropriate expected total return is the YTM