1-Shinoda Corp. has 9 percent coupon bonds making annual payments with a YTM of 8.3 percent. The current yield on these bonds is 8.65 percent.

How many years do these bonds have left until they mature?

Maturity of bond

years

2-

Even though most corporate bonds in the United States make coupon payments semiannually, bonds issued elsewhere often have annual coupon payments. Suppose a German company issues a bond with a par value of 1,000, 10 years to maturity, and a coupon rate of 7.6 percent paid annually.

If the yield to maturity is 8.7 percent, what is the current price of the bond?

Price

3-

Essary Enterprises has bonds on the market making annual payments, with seven years to maturity, a par value of $1,000, and selling for $974. At this price, the bonds yield 7.2 percent.

What must the coupon rate be on the bonds?

Coupon rate

%

4-

Treasury bills are currently paying 5 percent and the inflation rate is 3.2 percent.

What is the approximate real rate of interest?

Approximate real rate

%