1.Grace Industries issued a 20-year bond 3 years ago; the bond has a $1,000 face value and a 6% coupon rate. If the bond currently sells on the market for $800 at an 8% required rate of return is the bond fairly priced?

2. Bloomin has a bond with a face value of $1000 currently selling for $895.63. This bond pays $120 interest annually and it has 10 years till maturity. Calculate the yield to maturity.

3. The Christina School District has a bond with a 9% coupon rate and $1000 par value. If the bond has 14 years to maturity and sells at $932 currently on the bond market, what is the current yield on the bond?

4. Wilmington Economic Development Corporation has a bond in the market currently priced at $1100. The bond has a 12.8% coupon rate and a 9% required rate of return. Calculate the current yield on the bond