Bond Valuation $($for all bonds, assume a face value of $$1000)$

$1.$ Calculate the value of a bond that has $5$ years to maturity and pays a $6\%$ coupon. The required

return on this bond $($yield$)$ is $4\%.$

$2.$ What is the yield on a bond that has $8$ years to maturity, pays a $5\%$ coupon, and is currently

priced at $$987?$

$3.$ A bond pays coupons on April $1$st and October $1$st$.$ What is the bond$$s accrued interest on November $12$th if the bond pays a $9\%$ coupon?

$4.$ For the bond referenced in Q$3,$ what is the clean price of the bond $($not including accrued

interest$)$ if the maturity is October $1$st$,2027$ and the required return is $8\%?$

$5.$ For the bond referenced in Q$3$ & Q$4,$ what is your return if you purchase the bond on November

$12$th $($paying the dirty price$),$ and then sell it next October $1$st$?$ Assume no change in the required return