Calculate Bond Prices for the following scenarios:

1) Wilson Wonders' bonds have 12 years remaining to maturity. The corporate bonds have a coupon of 10%, and currently sell at a price of $850. What is the yield to maturity?

2) Thatcher Corporation's bonds will mature in 10 years. The bonds have a 8% coupon rate and a current market price of $1,100. What is the yield to maturity?

3) Heath Foods' bonds have 7 years remaining to maturity. The bonds have a yield to maturity of 8% and have a 9% coupon rate. What is the current yield?

4) Nungesser Corporation has issued bonds that have a 9% coupon rate, mature in 8 years and a yield to maturity of 8.5%. What is the price of the bonds?

5) You just purchased a corporate bond that matures in 5 years, has an 8% coupon, and has a current yield of 8.21%. What is the bond's yield to maturity?

6) A corporate bond that matures in 7 years sells today for $1,020 and has a yield to maturity of 10.5833%. What is the bond's current yield?

7) Suppose Ford Motor Co. sold an issue of bonds with a 10-year maturity, $1,000 par value, and 10% coupon rate. Two years after the bonds were issued, the going rate of interest on similar bonds fell to 6%. At what price would the bonds sell? Instead of an interest rate decrease, suppose two years after issuance, the going interest on similar bonds rose to 12%. At what price would the bonds sell?

8) Callaghan Motors' bonds have 10 years remaining to maturity. The coupon rate is 8% and the bonds have a yield to maturity of 9%. What is the current market price of the bonds?

9) PAETEC Corporation issued 15 year bonds, paying 7%, three years ago. Today similar bonds are trading @ 8.5%. What is the price of the PAETEC bonds in today's market?

10) AXYZ Company's bonds are selling for $1,088 today, and have 7 years left to maturity. The market interest rate for similar bonds is 7%. What is the annual coupon payment and today's current yield?