You invest in a 5-year bond (par=$1,000) with a coupon rate of 6%. The interest is paid annually, and its YTM is 4%. If you sell the bond one year later, what is your holding period return?

	A.	4.0%
	B.	4.5%
	C.	5.1%
	D.	7.6%

You are evaluating a corporate bond issued by National Fishing League (NFL). The NFL bond is a 4-year bond with a par value of $1 million. Its interest (coupon) payments are based on the following schedule: $50,000 in year 1, $60,000 in year 2, $70,000 in year 3, and $80,000 in year 4. You estimate NFLs current interest rate is 6%. What is the price of the bond (in $MM)?

	A.	$1.0149
	B.	$0.9893
	C.	$1.0381
	D.	$0.9965