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4. A ten-year bond has a par value of $1,000, a current yield of 8.60%, and semi-annual interest payments. The bond price quote is $946.00.

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4. A ten-year bond has a par value of $1,000, a current yield of 8.60%, and semi-annual interest payments. The bond price quote is $946.00. What is the amount of each coupon payment? 5. The Phillips Fabricating Company has $1,000 par, 9 percent coupon bond on the market. The bond makes annual coupon payments. If the bond requires a current yield of 7.78% and sells at a price of $1,070.60, how many years are left to maturity? 6. BONUS What is the value at maturity of a ten-year $100,000 par value bond with a 6.00% coupon, currently priced at $98,700.34? 7

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