All bonds are semi-annual. All yield measures are stated as annual percentage rates. You must show your work.

1. Suppose you buy a 20 year 6% (Coupon Rate) bond that has a yield to maturity (YTM) of 7%. What is the price of the bond?

2. Suppose you buy a 30 year 6% bond that has a YTM of 5%. What is the price of the bond?

3. Suppose you buy a 10 year 9% bond that has a YTM of 7%. What is the price of the bond?

4. Suppose you buy a 30 year 7% bond that has a YTM of 8%. What is the price of the bond?

5. Suppose you buy a 12 year 12% bond that has a YTM of 8%. What is the price of the bond?

6. Suppose you buy an 8 year 10% bond that has a YTM of 6%. What is the price of the bond?

7. Suppose you buy a 20 year 7% bond that has a YTM of 12%. What is the price of the bond?

8. Suppose you buy a 11 year 7% bond that has a YTM of 6%. What is the price of the bond?

9. Suppose you buy a 6 year 9% bond that has a YTM of 8%. What is the price of the bond?

10. Suppose you buy a 14 year 7% bond that has a YTM of 7%. What is the price of the bond?

11. What is the YTM of a 5 year 8% bond that is currently selling for $1050?

12. What is the YTM of a 10 year 6% bond that is currently selling for $940?

13. What is the YTM of a 7.5 year 12% bond that is currently selling for $1100?

14. What is the YTM of a 11 year 9% bond that is currently selling for $750?

15. What is the YTM of a 7 year 8% bond that is currently selling for $880?

16. What is the YTM of an 8 year 14% bond that is currently selling for $790?

17. What is the YTM of a 12 year 6% bond that is currently selling for $1450?

18. What is the YTM of a 15 year 9% bond that is currently selling for $1320?

19. What is the YTM of a 14 year 7% bond that is currently selling for $980?

20. What is the YTM of a 9 year 6% bond that is currently selling for $1150?