1.You plan to buy a bond at a quoted price of $987. The bond has a 5.0 percent coupon and pays interest semiannually on March 1 and September 1. What's the dirty price of this bond if today is May 1. (Assume a 360-day year.)

A. $1002.59

B. $987.21

C. $1021.84

D. $995.33

2.A bond pays semiannual interest payments of $85.40. What's the coupon rate if the par value is $1,000?

A. 15.89%

B. 17.08%

C. 16.23%

D. 14.55%

3.A Treasury bill has 50 days left to maturity. The bank discount yield on the bill is 4.23 percent. What's the effective annual rate?

A. 4.87%

B. 4.40%

C. 5.11%

D. 4.59%