Suppose a 10-year bond with a par value of $1000 has an annual coupon of 5% and a yield of 4%. What is the approximate present value of the principal repayment? a. $475.56 b. $575.56 c. $675.56 d. $775.56

Suppose a 10-year bond with a par value of $1000 has an annual coupon of 5% and a yield of 4%. What is the approximate price of this bond? a. $1,081.11 b. $1,181.11 c. $1,281.11 e. $1,381.11

Suppose a 20-year bond with a par value of $1000 has a semiannual coupon of 5% and a yield of 4%. What is the approximate price of this bond? a. $936 b. $1037 c. $1137

d. $1237 e. $1337

What is the approximate yield to maturity on a 5-year, 4% coupon bond (paid annually) with a par value of $1000 and a price of $956.71? a. 0.04 b. 0.045 c. 0.050 d. 0.055 e. none of the above