Exhibit 12.2

USE THE INFORMATION BELOW FOR THE FOLLOWING PROBLEM(S)

XLR Corporation just issued a $1,000 par value bond with a 7 percent yield to maturity, twenty years to maturity, with an 8 percent semi-annual coupon rate.

37. Refer to Exhibit 12.2. If market interest rates rise to 10 percent, what will the price of the XLR Corporate bond be in three years?

	a.	$832.89
	b.	$838.07
	c.	$1097.63
	d.	$1,102.85
	e.	$1,191.43