Sadik Inc.'s bonds currently sell for $1,130 and have a par value of $1,000. They pay a $105 annual coupon and have a 15-year maturity, but they can be called in 5 years at $1,100. What is their yield to call (YTC)?

	9.82%
	7.70%
	8.40%
	8.85%
	8.49%

Malko Enterprises' bonds currently sell for $1,410. They have a 6-year maturity, an annual coupon of $75, and a par value of $1,000. What is their current yield?

	6.60%
	5.32%
	5.53%
	4.63%
	4.10%

Suppose you just won the state lottery, and you have a choice between receiving $2,900,000 today or a 20-year annuity of $250,000, with the first payment coming one year from today. What rate of return is built into the annuity? Disregard taxes.

	5.51%
	5.86%
	5.39%
	6.56%
	6.86%

Your father is about to retire, and he wants to buy an annuity that will provide him with $58,000 of income a year for 25 years, with the first payment coming immediately. The going rate on such annuities is 5.15%. How much would it cost him to buy the annuity today?

	$838,304.66
	$812,901.49
	$787,498.32
	$711,288.80
	$846,772.39