Value a 15-yr semi-annual, non-callable bond that pays coupons of 9% assuming market interest rates are 6%.

A)$1,000

B)$1,294

C)$1,033

D)$1,274

E)$943

Given the following information, calculate the present value of the following bond that pays semi-annual coupons. Par value: $1,000. Coupon Rate: 8%. Interest Rate: 12%. Maturity: 15 years.

A)$1,346

B)$1,000

C)$806

D)$678

E)$725

If you bought a stock for $100 and sold it for $85 after a year, you also received a dividend of $5 in that year. What was the RETURN you received over the year?

A)-11.8%

B)10.0%

C)-15.0%

D)5.0%

E)-10.0%

Calculate value of a perpetuity with even annual cash flows of $17,200 with 5% discount rate.

A)$344,000

B)$18,060

C)$16,381

D)$361,200

E)$172,000