A company's bonds have $21$ years remaining until maturity. Interest is paid annually, they have a $$1000$ par value, the

coupon rate is $7\mathrm{.}5\%,$ and the yield to maturity is $13\mathrm{.}1\%.$ What is the bond's current market price? $(4$ points$)$

A bond has a $$1000$ par value, $9$ years to maturity, a $10\%$ annual coupon, and sells for $$1150.$

a$.$ What is its yield to maturity? $(4$ points$)$

b$.$ If this bond paid its coupon semiannually, what would the yield to maturity be$?(4$ points$)$

c$.$ If the coupon is annual, and the yield to maturity remains constant for $5$ years, what will the price be $5$ years from today?

$(4$ points$)$

An outstanding bond has a $$1000$ par value, a $6\mathrm{.}5\%$ semiannual coupon, $13$ years to maturity, and an $8\%$ YTM$.$ What is the

bond's current price? $(4$ points$)$

A firm's bonds have a maturity of $10$ years, with a $$1000$ face value, a $9\%$ annual coupon, are callable in $5$ years at $$1175,$

and currently sell at a price of $$1322\mathrm{.}89.$

a$.$ What is the nominal yield to maturity $($YTM$)?(4$ points$)$

b$.$ What is the nominal yield to call $($YTC$)?(4$ points$)$

c$.$ Should investors expect to earn YTM or YTC$?(2$ points$)$