A. Madsen Motors's bonds have 25 years remaining to maturity. Interest is paid annually; they have a $1,000 par value; the coupon interest rate is 7.5%; and the yield to maturity is 8%. What is the bond's current market price? Round your answer to the nearest cent.

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B. Nesmith Corporation's outstanding bonds have a $1,000 par value, a 6% semiannual coupon, 10 years to maturity, and a 7.5% YTM. What is the bond's price? Round your answer to the nearest cent.

? $

C. Bond X is noncallable and has 20 years to maturity, a 8% annual coupon, and a $1,000 par value. Your required return on Bond X is 12%; if you buy it, you plan to hold it for 5 years. You (and the market) have expectations that in 5 years, the yield to maturity on a 15-year bond with similar risk will be 10%. How much should you be willing to pay for Bond X today? (Hint: You will need to know how much the bond will be worth at the end of 5 years.) Do not round intermediate calculations. Round your answer to the nearest cent.

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D. Last year Janet purchased a $1,000 face value corporate bond with an 7% annual coupon rate and a 25-year maturity. At the time of the purchase, it had an expected yield to maturity of 13.17%. If Janet sold the bond today for $1,170.06, what rate of return would she have earned for the past year? Do not round intermediate calculations. Round your answer to two decimal places.

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