Calculate the YTM of the following 7-year bond: $25,000 face value, a 3.75% coupon, paid twice a year and it is currently selling in the market for $23,564.50. The YTM is:

Multiple Choice

• 3.64%

• 5.23%

• 4.72%

• 3.36%

2)

A 10-year, $1,000 face bond with a 2.25% coupon is currently selling for $837.60. What is the Coupon Yield on this bond?

Multiple Choice

• 5.19%

• 3.49%

• 1.79%

• 2.69%

3)

Assume a company issues $35 Million of new 15-year bonds. The bonds have a coupon of 3.55%, paid semi-annually. The YTM on similar bonds is currently 3.75%. What is the total amount of money raised by the company from the bond issue?

Multiple Choice

• $ 34,202,482

• $ 35,596,631

• $ 34,674,455

• $ 32,635,522