2. Suppose Nike wants to issue 100 20-year, $1,000 face value (the bond pays $1,000 at maturity), zero coupon bonds. If each bond will yield 8%, how much will Nike receive when the bonds are issued? 3. GMX wants to issue 10-year, $1,000, face-value, zero coupon bonds. If each bond is to yield 6%, what is the minimum number of bonds GMX must sell if the company wishes to raise $700,000 on from the issue? 4. Suppose GMX wants to issue 200 10-year, $1,000 face value (the bond pays $1,000 at maturity), zero coupon bonds. If each bond will yield 8%, how much will GMX receive when the bonds are issued? 5. Nike issues a bond with a $1.000 face value (payment at maturity) and a coupon rate of 7%. If the bond has a life of 30 years and pays annual coupons, and the yield to maturity is 6.8%, what is value of the bond now (selling price today)? 6. GMX issues a bond with a $1,000 face value (payment at maturity) and a coupon rate of 4%. If the bond has a life of 20 years and pays annual coupons, and the yield to maturity is 3.9%, what is value of the bond now (selling price today)? (For 7 and 8) MSG Inc. sells an issue of bonds with a 10 year maturity. 1.000 face value, a 9% coupon rate, and annual coupon payments 7. Two years after issue the interest rate falls to 6% what is the market price of the bonds at that point? 8. Suppose instead that two years after issue the interest rate rises to 12% what is the market price of the bonds at that point (For 9-12) ABC Inc. sells an issue of bonds with a 15 year maturity. 1.000 face value, a 8 coupon rate, and arumal coupon payments 9 Two years after issue the interest rate falls to 5% what is the market price of the bonds at that point?