Problem 7-3 Time to Maturity (LG7-1)

A bond issued by Ford on May 15, 1997 is scheduled to mature on May 15, 2097. If today is November 16, 2011, what is this bonds time to maturity? (Use 365 days a year.)

Time of maturity years and months.

Problem 7-9 Bond Quotes (LG7-3)

Consider the following three bond quotes: a Treasury note quoted at 95.29, a corporate bond quoted at 102.75, and a municipal bond quoted at 101.40. If the Treasury and corporate bonds have a par value of $1,000 and the municipal bond has a par value of $5,000, what is the price of these three bonds in dollars? (Do not round intermediate calculations and round your final answers to 2 decimal places.)

Treasury bond=

corporate bond=

municipal bond=

Problem 7-19 TIPS Capital Return (LG7-2)

Consider a 3.70 percent TIPS with an issue CPI reference of 186.0. At the beginning of this year, the CPI was 193.1 and was at 200.0 at the end of the year.

What was the capital gain of the TIPS in dollars? (Do not round intermediate calculations and round your final answer to 2 decimal places.)

Capital gain=

What was the capital gain of the TIPS in percentage? (Do not round intermediate calculations and round your final answer to 2 decimal places.)

Capital gain=