1. Mayflower, Inc. has some 7% semi-annual coupon bonds on the market selling at $1,012. The bonds

have 9 years left to maturity. What is the effective annual yield on these bonds?

2.The Langley Company has 6% annual coupon bonds that are currently selling for $989.53 and have eleven years left to maturity. What is the yield-to-maturity?

3.The Windom Co. has sales of $845,960, costs of $578,402, interest expense of $42,750, and a marginal tax rate of 35%. The company also has $1,299,998 in fixed assets that are being depreciated straight-line over seven years. What is the operating cash flow?

4. Wong Exporters purchased an $89,000 truck that is being depreciated straight-line over 5 years. The company has a marginal tax rate of 33% and a discount rate of 12%. After 3 years, the company expects to sell the truck for $36,500. What is the after-tax salvage value at the time of the intended sale?

I am having trouble figuring out the formulas and the calculations of these four problem. My textbook is not much help and I cannot find any similar examples on line. If you could help with any of them I would greatly appreciate it!