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QUESTION 1 What is the semiannual coupon payment for a 9% bond with a $1.000 par? O A 9 OB. 180 OC. 45 OD. 90

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QUESTION 1 What is the semiannual coupon payment for a 9% bond with a $1.000 par? O A 9 OB. 180 OC. 45 OD. 90 QUESTION 2 The Morrissey Company's bonds mature in 10 years, have a par value of $1.000. and make an annual coupon payment of $130. The market interest rate for the bonds is 6%. What is the bond's price? O A. 1330.38 OB. 1000 O C. 1666.73 OD. 1515.21 QUESTION 3 D. J. Masson Inc. recently issued noncallable bonds that mature in 10 years. They have a par value of $1,000 and an annual coupon of 6.5%. If the current market interest rate is 11.0%, at what price shoul the bonds sell? O A 845.22 OB. 734.98 OC. 650.17 OD. 1000 QUESTION 4 Ezzell Enterprises noncallable bonds currently sell for $1.090. They have a 7-year maturity, an annual coupon of $90, and a par value of $1,000. What is their yield to maturity? O A. 7.31% OB. 7.50% OC.8.26% D. 9.00%

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