See Attached Word Doc, Chapter 6 FINN Question due

9. Staind, Inc., has 6 percent coupon bonds on the market that have 15 years left to maturity. The bonds make annual payments. If the YTM on these bonds is 9 percent, what is the current bond price. 10. Ackerman Co. has 7 percent coupon bonds on the market with twelve years left to maturity. The bonds make annual payments. If the bond currently sells for $1,055.17, what is its YTM? 11. Grohl Co. issued 9-year bonds a year ago at a coupon rate of 10 percent. The bonds make semiannual payments. If the YTM on these bonds is 12 percent, what is the current bond price? 12. Ngata Corp. issued 22-year bonds 2 years ago at a coupon rate of 10.1 percent. The bonds make semiannual payments. If these bonds currently sell for 99 percent of par value, what is the YTM? 13. Do-Well bonds have a face value of $1,000 and are currently quoted at 86.725. The bonds have a 7 percent coupon rate. What is the current yield on these bonds? 14. A six-year, $1,000 face value bond issued by Taylor Tools pays interest semiannually on February 1 and August 1. Assume today is October 1. What will be the difference, if any, between this bond's clean and dirty prices today 15. All else constant, a bond will sell at _____ when the coupon rate is _____ the yield to maturity