Answer the following question from the previous chapter:

a. A zero-coupon bond has face value of $1,000 and time to maturity of 4.6 years. If it is currently trading for $903, what is this zero-coupon bond's yield-to-maturity? Round to the hundredth of a percent. (e.g., 4.32% =4.32)

b. A 6-year zero-coupon bond has a face value of $1,000. If its YTM changes from 3.6% to 5.1%, what is the resulting percentage change in its price? Use the price determined from the first yield, 3.6%, as the base in the percentage calculation. Round to the nearest hundredth of a percent. (e.g., 4.32% = 4.32). [Hint: Percent price change = ((P2-P1)/P1)x100. If the price dropped, enter a negative number]

c. A semi-annual coupon bond has a face value of $1,000 and a coupon rate of 4.7%. Time to maturity is 21 years and the current yield to maturity is 7.9%. How much is this bond worth? Round to the nearest cent.

d. A Japanese government bond with a $1,000 face value has a 1.86% annual coupon rate. The bond matures in 7 years. The current YTM on the bond is -0.5% (negative!). What is this bond worth? Round to the nearest cent.