Part 1:

What is the market price of a bond with a maturity of 29 years, a coupon rate of 4.8% paid semi-annually, a par value of $1000, and a yield to maturity of 7.4%Round your answer to the nearest penny .)

Answer:

Part 2:

What is the current yield on a zero coupon bond with a remaining life of 7 years, a yield to maturity of 15.0%, and a par value of $1000? (Round to 100th of a percent and enter as a percentage, e.g. 12.34% as 12.34 and state as an annual rate.)

Answer:

Part 3:

What is the most we should pay for a bond with a par value of $1000, coupon rate of 4.9% paid annually, and a remaining life of 19 years? The yield to maturity is 6.6% Assume annual discounting. (Round your answer to the nearest penny.)

Answer:

Part 4:

Mickey and Minnie just bought a zero coupon bond for $582.33, but they cannot recall when it matures. The yield to maturity equals 11.8%Can you help Mickey and Minnie? The bond's face value is $1000. (Assume annual discounting) (Enter your answer in years and round to 2 decimal places.)

Answer: