A bond is sold for $1,054.88 currently. The bond has a coupon rate of 6%, paid semi-annually and it matures in 15 years. What is the yield-to-maturity of this bond? Round to the nearest hundredth percent. Do not include a percent sign in your answer. (i.e. If your answer is 4.32%, then type 4.32 without a % sign)

What is the yield to maturity of a bond if the bond is sold at $985.48 today, pays annual coupon of 7% and matures in 12 years? Round to the nearest hundredth percent. Do not include a percent sign in your answer. (i.e. If your answer is 4.32%, then type 4.32 without a % sign)

Yesterday, bonds for Cougar Cremary were traded for the yield-to-maturity of 7.28%, which were downgraded by S&P from A to BBB today. If everything else is constant from yesterday (expected inflation rate etc.):

a.) the bonds' yield-to-maturity should be higher than 7.28%.

b.) the bonds' coupon rate should be higher than 7.28%.

c.) the bonds' current yield should be higher than 7.28%.

d.) the bonds' price should increase.

e.) All of the above

f.) None of the above

Current interest rates are 10.58%. You want to buy a long-term bond with a face value of $1000 that pays a coupon rate of 10%. Which of the following prices is feasible?

a.) $873.56

b.) $904.27

c.) $987.56

d.) All of the above are feasible.

e.) None of the above are feasible.

f.) Not enough information to answer