1.What is the amount of the annual coupon payment for a bond that has 6 years until maturity, sells for $1,050, and has a yield to maturity of 9.37%? Show your calculations!

A.$98.64

B.$95.27

C.$101.38

D.$104.97

2.Two years ago bonds were issued at par with 10 years until maturity and a 7% annual coupon. If interest rates for that grade of bond are currently 8.25%, what will be the market price of these bonds? Show your calculations!

A.$917.06

B. $928.84

C.$987.50

D.$1,000.00

3.How much should you be prepared to pay for a 10-year bond with an annual coupon of 6% and a yield to maturity of 7.5%? Show your calculations!

A.$411.84

B. $897.04

C.$985.00

D.$1,000.00