this is so hard, my lecturer didn't taught me well :(

or maybe it's because the e-learning we take.

EXERCISES: BOND 1. A bond with a par value of $100 000 has coupons at the rate () = 6 %. It will be redeemed at par when it matures a certain number of year hence. It is purchase for a price of $96 446.9. At this price, the purchaser who hold the bond of maturity will realize a yield rate (2) = 7%. Determine the number of years to maturity. 2. An $X bod quoted as redeemable at 105min 10 years in purchased o yield i(2) = 10%. If this same bond was redeemable at par, the actual purchase price would be $113.07 less. Determine the value of X. 3. A National Auto Company Limited $1000 bond is due at par on December 1, 2021. Interest is payable at (2) = 7% on June 1, and December 1. The bond may be called at 104 on December 1, 2015. Determine the dirty (purchase) price and the clean price for this bond on August 8, 2010 if the yield is to be i() = 6%, a) Assuming the bond is called at December 1, 2015 b) Assuming the bond matures at par on December 1, 2021. 4. The ABC Corporation $500 bond that pays interest at (2) = 7% matures at par on October 1, 2022. a) What did the payer pay for the bond if it was sold on July 28, 2010, at the quoted price of 89.38? b) What should the quoted price of this bond be on July 28, 2010, to yield a buyer i(12) = 6%? c) What should the quoted price of this bond be on December 13, 2012, to yield a buyer (1) = 8%