An 8% coupon, 10-year maturity bond has a par value of $1,000. Suppose the interest rate is 6% annually. What is the bond value if it pays annual coupon payments?

Question 7 options:

A)

1147

B)

1167

C)

1247

D)

1267

Please compute the Modified duration of a 9% annual coupon, 3-year corporate bond with a yield to maturity of 12%?

Question 8 options:

A)

2.91

B)

2.45

C)

2.65

D)

2.85

E)

2.75

Suppose that todays date is April 15. A $1000-face-value bond with 8% coupon rate and it pays couponssemiannually every January 15 and July 15. The Wall Street Journal reports that this bond is selling at an ask price of 105.25. If you buy the bond from a dealer today, what price will you pay for it?

Question 9 options:

A)

1032.5

B)

1072.5

C)

1085.8

D)

1092.5

E)

1095.8