#6-A 10 percent annual coupon rate bond pays interest semi-annually. Par value is $1,000. It has three years to maturity. Investors' required rate of return is 12 percent. What is the price (present value) of the bond?

#7-Assume a bond with $1,000 par value and has an 8 percent coupon rate that pays interest annually, four years remaining to maturity, and a 10 percent yield to maturity. The duration of this bond is

#8-The required rate of return on a certain bond changes from 12 percent to 8 percent, causing the price of the bond to change from $900 to $1,100. Determine the bond's price elasticity.

#9-Citibank has determined that its bond portfolio has a duration of 9.5 years and a prevailing yield to maturity of 4.0 percent. If the yield to maturity changes to 5.5 percent, then Citibank should anticipate how much of a price change for its portfolio?