b. 8.76% c. 7.96% d. 6.059 e. 6.699 12. You rec your brothe following 4. Thi b. Th c. Th d. Th. e. TH 7. Assume the that you are considering the purchase of a 20-year, noncallable bond with The bond has a face value of $1,000, and it makes semian ayments. If you should be an 10.796 nominal yield to maturity on this investment, what is the maximum prices Willing to pay for the bond? a. $721.44 b. 5910.81 c. $901.80 d. 5874.74 e. S1.000.99 8. Grossnickle Corporation issued 20-year, noncallable. 7.4% annual coupon bonds at their par value of $1,000 one year ago. Today, the market interest rate on these bonds is 5.5%. What is the current price of the bonds, given that they now have 19 years to maturity? a. $1.281.57 b. $1,000.85 c. $1,013.05 d. $1,220.55 e. $1,196.13 - Whic a. T do b. A 9. A 25-year, $1,000 par value bond has an 8.5% annual payment coupon. The bond currently sells for $925. If the yield to maturity remains at its current rate, what will the price be 5 years from now? a. $883.61 b. $744.09 c. $976.62 d. $930.11 e. $865.00 10. Moerdyk Corporation's bonds have a 15-year maturity, a 7.25% semiannual coupon, and a par valu of $1,000. The going interest rate (ra) is 5.00%, based on semiannual compounding. What is the bond price? a. $1,235.47 b. $976.02