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4. Suppose you buy a 30 year 7% bond that has a YTM of 8%. What is the price of the bond? 5. Suppose you

4. Suppose you buy a 30 year 7% bond that has a YTM of 8%. What is the price of the bond?

5. Suppose you buy a 12 year 12% bond that has a YTM of 8%. What is the price of the bond?

6. Suppose you buy an 8 year 10% bond that has a YTM of 6%. What is the price of the bond?

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