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8 . An annual 1 5 - year, $ 1 , 0 0 0 bond paying a 1 0 % annual coupon when market rates

8. An annual 15-year, $1,000 bond paying a 10% annual coupon when market rates are 15% should be going for what price:
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9. An annual 15-year, $1,000 bond paying a 10% annual coupon is going for $1,518.98 currently. What is the Yield to Maturity (YTM)?
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10. A callable, 20-year annual payment bond has 9 years of call protection left. The issuer will pay $1,100 if it is called. The current price is $1,494.93. The coupon payments are $100. What is the Yield to Call (YTC)?
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11. An annual zero-coupon bond has a yield to maturity of 9.6% and pays $1,000 in four years. What is its price?
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