$1)$ A $$10,0008$ percent coupon bond that sells for $$10,000$ has a yield to maturity of

A$)8$ percent.

B$)10$ percent.

C$)12$ percent.

D$)14$ percent.

$2)$ Which of the following $$1,000$ face$-$value securities has the highest yield to maturity?

A$)$ A $5$ percent coupon bond selling for $$1,000$

B$)$ A $10$ percent coupon bond selling for $$1,000$

C$)$ A $12$ percent coupon bond selling for $$1,000$

D$)$ A $12$ percent coupon bond selling for $$1,100$

$3)$ Which of the following $$5,000$ face$-$value securities has the highest to maturity?

A$)$ A $6$ percent coupon bond selling for $$5,000$

B$)$ A $6$ percent coupon bond selling for $$5,500$

C$)$ A $10$ percent coupon bond selling for $$5,000$

D$)$ A $12$ percent coupon bond selling for $$4,500$

$4)$ Which of the following $$1,000$ face$-$value securities has the lowest yield to maturity?

A$)$ A $5$ percent coupon bond selling for $$1,000$

B$)$ A $10$ percent coupon bond selling for $$1,000$

C$)$ A $15$ percent coupon bond selling for $$1,000$

D$)$ A $15$ percent coupon bond selling for $$900$

$5)$ Which of the following bonds would you prefer to be buying?

A$)$ A $$10,000$ face$-$value security with a $10$ percent coupon selling for $$9,000$

B$)$ A $$10,000$ face$-$value security with a $7$ percent coupon selling for $$10,000$

C$)$ A $$10,000$ face$-$value security with a $9$ percent coupon selling for $$10,000$

D$)$ A $$10,000$ face$-$value security with a $10$ percent coupon selling for $$10,000$

$6)$ A consol paying $$20$ annually when the interest rate is $5$ percent has a price of

A$)$ $$100.$

B$)$ $$200.$

C$)$ $$400.$

D$)$ $$800.$

$7)$ If a perpetuity has a price of $$500$ and an annual interest payment of $$25,$ the interest rate is

A$)2\mathrm{.}5$ percent.

B$)5$ percent.

C$)7\mathrm{.}5$ percent.

D$)10$ percent.

$$ If a $$10,000$ face$-$value discount bond maturing in one year is selling for $$5,000,$ then its yield to

maturity is

A$)5$ percent.

B$)10$ percent.

C$)50$ percent.

D$)100$ percent.

$9)$ If a $$5,000$ face$-$value discount bond maturing in one year is selling for $$5,000,$ then its yield to

maturity is

A$)0$ percent.

B$)5$ percent.

C$)10$ percent.

D$)20$ percent.

$10)$ A discount bond selling for $$15,000$ with a face value of $$20,000$ in one year has a yield to

maturity of

A$)3$ percent.

B$)20$ percent.

C$)25$ percent.

D$)33\mathrm{.}3$ percent.