A bond has 8 years to maturity, a 7 percent coupon, a $1,000 face value, and pays interest semiannually. What is the bond's current price if the yield to maturity is 6.91 percent? (Points : 1)

$799.32

$848.16

$917.92

$1,005.46

$1,009.73

Two bonds have a coupon rate of 7 percent, semi-annual payments, face values of $1,000, and yields to maturity of 7.4 percent. Bond S matures in 5 years and bond L matures in 10 years. What is the difference in the current prices of these bonds? (Points : 1)

$8.26

$9.19

$9.40

$10.38

$11.45

You want to buy a bond that has a quoted price of $923. The bond pays interest semiannually on April 1 and October 1. The coupon rate is 6 percent. What is the clean price of this bond if today's date is June 1? Assume a 360-day year. (Points : 1)

$927.62

$923.00

$923.23

$936.85

$1,076.83