A 20-year, $1,000 par value bond has an 9.25% annual coupon. The bond currently sells for $1,040. If the yield to maturity remains at its current rate, what will the price be 3 years from now?

	A.	881.70
	B.	1050.78
	C.	1040.00
	D.	1037.39

D. J. Masson Inc. recently issued noncallable bonds that mature in 14 years. They have a par value of $1,000 and an annual coupon of 6%. If the current market interest rate is 12.0%, at what price should the bonds sell?

	A.	1000
	B.	532.81
	C.	692.66
	D.	602.31

Sadik Inc.s bonds currently sell for $930 and have a par value of $1,000. They pay a $130 annual coupon and have a 17-year maturity, but they can be called in 5 years at $1,030. What is their yield to call (YTC)?

	A.	15.56%
	B.	13.00%
	C.	15.00%
	D.	14.10%

Garvin Enterprises bonds currently sell for $1,250. They have a 8-year maturity, an annual coupon of $140, and a par value of $1,000. What is their current yield?

	A.	6.40%
	B.	14.00%
	C.	11.20%
	D.	10.00%

Ezzell Enterprises noncallable bonds currently sell for $970. They have a 15-year maturity, an annual coupon of $65, and a par value of $1,000. What is their yield to maturity?

	A.	6.70%
	B.	7.23%
	C.	6.83%
	D.	6.50%

Wachowicz Corporation issued 12-year, noncallable, 7.5% annual coupon bonds at their par value of $1,000 one year ago. Today, the market interest rate on these bonds is 5.0%. What is the current price of the bonds, given that they now have 11 years to maturity?

	A.	1207.66
	B.	934.66
	C.	1145.67
	D.	1000

The Morrissey Companys bonds mature in 10 years, have a par value of $1,000, and make an annual coupon payment of $70. The market interest rate for the bonds is 16%. What is the bonds price?

	A.	1000
	B.	517.93
	C.	565.01
	D.	621.51

Consider some bonds with one annual coupon payment of 5.50%. The bonds have a par value of $1,000, a current price of $800, and they will mature in 5 years. What is the yield to maturity on these bonds?

	A.	11.25%
	B.	10.90%
	C.	6.88%
	D.	5.50%