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All bonds are semi-annual. All yield measures are stated as annual percentage rates. Suppose you buy a 30 year 7% bond that has a YTM

All bonds are semi-annual. All yield measures are stated as annual percentage rates.

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

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

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

Please show work and circle final answer. Please show the equations you used and the work.

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