*CANNOT USE EXCEL TO SOLVE. CAN USE CALCULATOR FUNCTIONS. PLEASE SHOW ALL STEPS.

Q: A 9.5 percent semiannual coupon bond matures in 7 years. The bond has a face value of $1,000 and a current yield (CY) of 9.82 percent. What is the bonds price?

Q:Last year, Jean purchased a $1,000 face value corporate bond with an 11.7 percent annual coupon rate and a 14-year maturity. At the time of the purchase, it had an expected yield to maturity of 8.8 percent. If Jean sold the bond today for $1,237.78, what rate of return would she have earned for the past year?

Q: It is now January 1, 2012, and you are considering the purchase of an outstanding bond that was issued on January 1, 2008. It has a 7 percent annual coupon and had a 30-year original maturity. (It matures on December 31, 2037.) There were 8 years of call protection (until December 31, 2015), after which time it can be called at 109.5 percent of par, or $1,095. Interest rates have increased since the bond was issued, and it is now selling at 87 percent of par, or $870. If you bought this bond, what rate of return would you probably earn, assuming you hold the bonds until they either mature or are called?