What is the price of a 10-year, $1,000 bond with a 6% coupon rate and semiannual coupons if the bonds yield to maturity is 9% (APR with semiannual compounding)?

		$864.10
		$1,038.07
		$804.88
		$1,077.95

Consider a project with the following cash flows:

Year 0 1 2 3 4

Cash Flow -10,000 4,000 4,000 4,000 4,000

What is the internal rate of return (IRR) of the above project?

		23.23%
		22.05%
		21.86%
		20.82%

Security: AAA AA A BBB BB

Yield (%): 5.0 5.5 6.0 6.4 8.0

A mining company needs to raise $100 million in order to begin open pit mining of a coal seam. The company will fund this by issuing 30-year bonds with a face value of $1,000 and a coupon rate of 6%, with the coupons paid annually. The above table shows the yield to maturity for similar 30-year corporate bonds of different ratings. If the mining company's bonds receive an AAA rating, what will be their selling price?

		$1,153.72
		$947.22
		$774.84
		$1,072.67