4. A semi-annual coupon bond has a face value of $1,000 and a coupon rate of 7.0%. Time to maturity is 5 years and the current yield to maturity is 5.6%. How much is this bond worth? Round to the nearest cent.

5. A Tesla coupon bond with a face value of $1,000 has a coupon rate of 6% with annual coupons and it will mature in 7 years. If it is currently trading at $1,154.3, what is its yield-to-maturity? Round to the tenth of a percent (e.g., 4.32% = 4.3) [Hint: Use Excel's "rate" function as explained in the text. Make sure you set the cell to show decimal places.]

6. Consider a semi-annual coupon bond with a 6% coupon rate, 10 years to maturity and $1,000 face value trading at $1,052. What is this bond's yield to maturity? Round to the tenth of a percent (e.g., 4.32% = 4.3)