1. What is the amount of the annual coupon payment for a bond that has 6 years until maturity, sells for $1,050, and has a yield to maturity of 9.37%? Show your calculations!

1. $98.64
2. $95.27
3. $101.38
4. $104.97

2. Two years ago bonds were issued at par with 10 years until maturity and a 7% annual coupon. If interest rates for that grade of bond are currently 8.25%, what will be the market price of these bonds? Show your calculations!

1. $917.06 B. $928.84
   3. $987.50
   4. $1,000.00

1. 3. How much should you be prepared to pay for a 10-year bond with an annual coupon of 6% and a yield to maturity of 7.5%? Show your calculations!

1. 1. 1. $411.84 B. $897.04

1. 1. 3. $985.00
      4. $1,000.00