A 5-Year bond is currently yielding 6%. The coupon at issuance was 6.25%. Is the bond trading at a discount, a premium, or at par?

A. Par

B. Premium

C. Discount

D. Not enough information to make a determination

Assuming continual compounding, the future value of $100 in two years at an annual rate of 10% would be closest to:

A. 120

B. 121

C. 122

D. 123

A bond is currently trading at $98.09. It has a duration of 7 years. If interest rates were to go down by 0.25%, what would be the approximate value of the bond?

A. 100

B. 97

C. 96

D. 91