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

1. Suppose you buy a 4 year 8% bond that has a yield to maturity (YTM) of 6%. What is the price of the bond?

2. Suppose you buy a 3 year 8% bond that has a YTM of 5%. What is the price of the bond?

6. What is the YTM of a 5 year 10% bond that is currently selling for $1050?

9. What is the yield to call (YTC) of a 30 year 8% bond selling for $940? The call deferment period for the bond is 10 years and the call price is $1010.

11. What is the holding period yield on a 30 year 7% bond that we buy for $1020. We sell the bond in 4 years for $980.

12. Suppose you bought a 10 year 8% bond for $975. If you sold the bond for $1040 after holding it for 2 years, what was your holding period yield?