QUESTION 1 Fleming Enterprises has outstanding a 8.6% coupon bond with a remaining maturity of 12 years. The face value of the bond is $1,000 and coupons are paid semiannually. What is the value (price) of this bond if your required rate of return the annualized nominal yield to maturity) is 6.12%? Answer in dollars to two decimal places. Do not enter the dollar sign. Do not enter commas for thousands. QUESTION 2 Keller Corp. has an outstanding issue of $1,000 par value bonds with a 8.24% coupon rate, paid semiannually. The issue matures in 17 years. Bonds of similar risk are currently earning a 7.36% rate of return (annualized nominal yield). Consider why a bond might be earning a yield below the coupon rate. What might have happened? I will ask in class. However, BlackBoard really only handles quantitative questions well. So here I have a different question. There is a particular yield known as the "current yield" to be clear, this is not another way of saying "today's yield"). What is it for this bond? Answer in percent to three decimal places. Do not enter the percent sign. QUESTION 3 You notice that Coke's "6.5s31" bonds closed at 112. (Bond prices are expressed as a percentage of par.) The par value is $1,000. If these bonds mature on April 1, 2031, and today is October 2, 2013, what is the nominal yield to maturity of these bonds? The bonds pay coupons semiannually. Answer in percent to three decimal places. Do not enter the percent sign. QUESTION 4 You notice that Pepsi's "8.5s31' bonds closed at 108.5. (Bond prices are expressed as a percentage of par.) The par value is $1,000. If these bonds mature on April 1, 2031, and today is October 2, 2013, what is the effective yield to maturity of these bonds? The bonds pay coupons semiannually. Answer in percent to three decimal places. Do not enter the percent sign