stock evaluation-

The following bond quote is found in the Wall Street Journal: Bonds Cur Yld Vol Close Net Chg GMA 723 9 2 91 1/2

How may dollars must you spend to purchase one of the GMA bonds?

2.Assume that you wish to purchase a 20-year bond that has a parvalue of $1,000 and makes semiannual interest payments of $20. If you require a 10 percent yield to maturity on this investment, what is the maximum price you should be willing to pay for the bond?

3.Grand Adventure Properties offers a 9.5 percent coupon bond with annual payments. The yield to maturity is 12.6 percent and the maturity date is 11 years from today. What is the market price of this bond if the face value is $1,000?

4.

Great Wall has bonds that will mature in 13 years. These bonds are priced at $743.06 and earn investors a YTM of 12% per year. Interest is paid annually. What is the annual coupon payment investors receive on their investment?

5.The outstanding bonds of The River Front Ferry carry a 6.5 percent coupon and mature in 14 years. The bonds have a face value of $1,000 and are currently quoted at 102.9 of par. What is the yield to maturity on these bonds?

6.Silas Corp wants to issue zero coupon bonds. They estimate investors will require a 5.5% rate of return on their investment. If the bonds will mature in 20 years how much will Silas get for each bond sold. Assume a 1000 par value.

7.Bonner Metals wants to issue new 18-year bonds for some much-needed expansion projects. The company currently has 11 percent bonds on the market that sell for $1,459.51, make annual payments, and mature in 18 years. What should the coupon rate be on the new bonds if the firm wants to sell them at par?