5 .A $50,000, 8% bond with semi-annual coupons is purchased three years before maturity. Calculate the discount or premium if the bond is sold to yield 10.5% compounded semi-annually.

Select one:

a. $5,327.85

b. $4,237.85

c. $2,537.85

d. $3,147.10

e. $2,735.58

6.

A $100,000, 8% bond with interest payable semi-annually is redeemable in 6 years. What is the purchase price to yield 9% compounded semi-annually?

Select one:

a. $94,470.19

b. $95,440.71

c. $96,470.91

d. $98,704.19

e. $95,846.53

7.

A $150,000, 7.5% bond with semi-annual coupons redeemable at par is bought 14 years before maturity at 93. What was the approximate yield rate, compounded semi-annually?

Select one:

a. 9.03%

b. 8.36%

c. 9.43%

d. 8.69%

e. 7.89%

8.

What is the yield, compounded semi-annually, of a $15,000, 5.5% bond with monthly coupons redeemable in eight years if the bond is bought today for $16,333?

Select one:

a. 3.75%

b. 5.34%

c. 4.87%

d. 6.11%

e. 4.22%