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Hi, hope you are doing great. Please help me find the Solutions to the problems. I provided answers but still struggling to find the right solutions. Thank you!!!
8. For an 8% ten-year corporate bond with a par value of $1,000 purchased at $1,200, what is the current or effective yield? (a) 4.00% 5.45% 6.67% 8.00% ANS: (C) 9. What is the approximate yield to maturity for a 7%, $1,000 bond purchased for $1,150 and maturing in six years? (a) OOS 3.64% 4.20% 6.67% 7.00% 6.44% ANS: (b) 10. What is the price for a three-month (91-day) U.S. T-bill with a discount yield of 6%? (a) (b) 97.48 98.24 98.48 99.24 99.48 ANS: (c) 11. What is the simple discount yield for a three month (91-day) U.S. T-bill selling at 98.48? @OSa 4% 5% 6% 7% 8% ANS: (c)

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