7. Find the PV of an annual bond if you have 35 years, an YTM of 10% and a coupon rate of 13%.

8. Use the same figures in #7, but now find PV if the coupon rate drops to 8%.

9. Calculate your quoted market interest rate if your inflation premium is 2%, default risk premium is 2%, maturity risk premium is 3%, liquidity premium is zero, and your real risk free rate of interest is 1%.

10. What is a bond spread?