Bonds yield

QC 5. Suppose a 10-year, $1,000 bond with a 9% coupon rate and semian- nual coupons is trading for a price of $1,160.41 . a. What is the bond's yield to maturity (expressed as an APR with semian- nual compounding)? b. If the bond's yield to maturity changes to 9% APR, what will the bond's price be? QC 6. Suppose you purchase a ten-year bond with 6% annual coupons. You hold the bond for four years and sell it immediately after receiving the fourth coupon. If the bond's yield to maturity was 4.43% when you purchased and sold the bond, a. What are the total cash flows you will pay and receive from your invest- ment in the bond per $100 face value? b. What is the internal rate of return of your investment? Note : Assume annual compounding. QC 7. Cisoft is a highly profitable technology firm that currently has $4 bil- lion in cash. The firm has decided to use this cash to repurchase shares from investors, and it has already announced these plans to investors. Currently, Cisoft is an all-equity firm with 7 billion shares outstanding. These shares currently trade for $16 per share. Cisoft has issued no other securities except for stock options given to its employees. The current market value of these options is $6 billion. a. What is the market value of Cisoft's non-cash assets? b. With perfect capital markets, what is the value per share after the share repurchase