Question 6 (1 point) A bond was issued 5 years ago. The bond is a 15-year bond with a 6% coupon rate and sells today for $912.35. Which statement about the market rate/YTM is correct? The market rate/YTM is equal to 6% The market rate/YTM is less than 6% The market rate/YTM is greater than 6% We don't have enough information to make a statement Previous Page Next Page Page 6 of 50 Question 7 (1 point) New Western Inc. issued 15-year bonds 5 years ago (from today) with 6% coupon rate. The bond makes semiannual payments and has a par value of $1,000. Since the issuing date the market interest rate has increased to 8%. What is the PV of the bond today? $1,196.00 $ 827.08 $ 864.10 None of the answers is correct $1,000 Previous Page Next Page Page 7 of 50 Question 8 (1 point) The State of Florida issued 15-year bonds five years ago at an annual coupon rate of 8%. The current market rate is 8%. What is the current value of the bond? $1000 None of the answers is correct $ 997.21 $1,191.07 O$ 497.67 Previous Page Next Page Page 8 of 50 Question 9 (1 point) Suna Beach Co. issued an 6% annual coupon bond, which has 20 years left to maturity. The bonds currently sell for $1,322. What is the YTM? 3.69% 4.11% None of the answers is correct 06.46% 5.19% Previous Page Next Page Page 9 of 50 Question 10 (1 point) A bond from Eagle Company has 10 years to maturity, 6% annual coupon, $1,000 par value. The current market interest rate is 8%. What is the PV of the bond? $1,000.00 $ 771.82 None of the answers is correct O $ 865.80 $1,273.23 Previous Page Next Page Page 10 of 50