1. A bond that yields 6% pays a coupon of $30 semi-annually. Which of the following is most likely the price of the bond?

   		$990
   		$1000
   		$1050
   		Not enough information to determine.

5 points

QUESTION 2

1. Investors with very high tax rates usually prefer municipal bonds because of the tax benefit.

   True

   False

5 points

QUESTION 3

1. A bond that sells for greater than $1000 when yields are 10% must have an annual coupon that is greater than $100.

   True

   False

5 points

QUESTION 4

1. A bond that sells for less than $1000 when yields are 10% must have an annual coupon that is less than $50.

   True

   False

5 points

QUESTION 5

1. A bond that yields 8% pays a coupon of $60 semi-annually. Which of the following is most likely the price of the bond?

   		$990
   		$1000
   		$1050
   		Not enough information to determine.

5 points

QUESTION 6

1. A bond that yields 5% pays a coupon of $30 semi-annually. Which of the following is most likely the price of the bond?

please come with formula. thanks