Be sure to write the formulas used and substitute values. Show your work in detailed. Answers are 100% correct

25. Duller Image has issued a noncallable bond that matures in 15 years. The bond has a par value of $1,000 and sells for $1,075. The bond has a 7 percent annual coupon rate. The coupon payments are made annually. What is the bond's yield to maturity?

26. As in question 25, Duller Image has issued a bond that matures in 15 years. The bond has a par value of $1,000 and sells for $1,075. The bond has a 7 percent annual coupon rate. The coupon payments are made annually. However, this time assume that the bond is callable in 5 years at a price of $1,100. What is the bond's yield to call?

27. Bed Bug Mattress has a noncallable bond issue outstanding with a face value of $1,000 and a 10 percent coupon rate. The issue makes semiannual coupon payments and matures in 30years. The bond has a yield to maturity of 12%. What should be the value of the Bed Bug Mattress bonds?

28. A 20-year bond has a price of $828.41, a yield of 10%, and a duration of 9.386 years. If the bonds yield increases by 50 basis points, what will be the approximate bond price after the yield change?

29. Find the duration of an 8.5% coupon bond making annual coupon payments if it has three years until maturity and a yield to maturity of 6%.

30. A portfolio has a beta of 1.4. The portfolio is made up of securities X and Y. 40% of the portfolio is in X and 60% in Y. The beta of security Y is 0.9. What is the beta of security X?

25. 6.22% 26. 6.92% 27. $838.39 28. $793.07 29. 2.779 years 30. 2.15