John needs $1,000,000 to retire in five years. There is a 5-year annual coupon bond that has a YTM of 7.5% and sells at par ($1,000).

- If John buys the bond and is able to reinvests the coupon payments at the YTM of 7.5%, how much money will John have per bond in 5 years?

- If John decides to buy the bond and is able reinvests the coupon payments at the YTM of 7.5%, how many bonds does John need to purchase to reach his $1,000,000 goal?

- If John buys the bond and reinvests the coupon payments at the YTM of 7.5%, how much money will John have for retirement in five years?

- If John buys the bond and the YTM moves to 5.5% before the first coupon payment, how much money will John have per bond in five years? (Coupon payments are reinvested at the new interest rate.)

- If John buys the bond and the YTM moves to5.5%, how much money will John have for retirement in five years? (Coupon payments are reinvested at the new interest rate.)

- If John buys the bond and the YTM moves to 9.5% before the first coupon payment, how much money will John have per bond in five years? (Coupon payments are reinvested at the new interest rate.)

- If John buys the bond and the YTM moves to 9.5% before the first coupon payment, how much money will John for retirement in five years? (Coupon payments are reinvested at the new interest rate.)

- How much does John need to invest today if the bonds YTM is 7.5% and he wants to reach his five year goal of $1,000,000?