Q19 Bennett Company bonds will mature after 5 years and they are selling at 80.175% of their face value. The bonds pay interest annually. The required rate of return by the bondholders is 12%. Find the coupon rate of these bonds.

Q.20 Johannesburg Corporation issued zero-coupon bonds in 1976, which will mature in 2006. The initial price of the bonds gave 9.5% return to the investors. Find the issue price of these bonds.

Q.21 Edwards Corp 9s2018 bonds pay interest semiannually. If your required rate of return for such a bond is 11% annually, how much should you pay for a $1,000 bond in 2001?

Q.22 Zeller Co bonds are selling at $602.50 each because the bondholders' required rate of return is 15%. The bonds pay interest semiannually and they will mature after 10 years. Find the coupon rate of these bonds.