#1	the ABC Corp. issues a bond with a par value of $1,000.
	It has 20 years to maturity.
	The Coupon rate is 7.8% and is paid annually.
	The YTM is 8.90%
	What is the current price of the bond?
	a	Bond Price =	$ 898.87
	b	Bond Price =	$ 1,010.67
	c	Bond Price =	$ 789.65
	d	Bond Price =	$ 988.87
	Coupon	Coupon								Prove
	Rate	PMT	YTM	n	m	PVIF	PVIFA	Par	Bond Value	Bond Value
#2	NBC's bond sells for 86% of its $1,000 par value.
	The bond has a coupon rate of 4.5%
	Interest is paid annually.
	It matures in 16 years.
	What is the YTM on this bond?	Use Goal Seek.
	a	YTM =	8.87%
	b	YTM =	6.87%
	c	YTM =	5.87%
	d	YTM =	4.87%
	Coupon	Coupon								Prove
	Rate	PMT	YTM	n	m	PVIF	PVIFA	Par	Bond Value	Bond Value
#3	Baxter Inc has bonds on the market making annual payments, with 7 years to maturity.
	IT has a par value of $1,000 and is selling for $962.00.
	The YTM is 6.60%.
	What is the annual coupon rate?	Use Goal Seek.
	a	Coupon rate =	6.90%
	b	Coupon rate =	5.90%
	c	Coupon rate =	4.67%
	d	Coupon rate =	5.25%
	Coupon	Coupon								Prove
	Rate	PMT	YTM	n	m	PVIF	PVIFA	Par	Bond Value	Bond Value
	If the coupon payment is
	The coupon rate is the coupon payment / Par value
#4	Jake's issued 10 year bonds a year ago at a coupon rate of 8.2%
	The bonds make semi-annual payments and have a par value of $1,000.
	The YTM is 6.5%.
	What is the current bond price?
	a	Bond Price =	$ 1,000.00
	b	Bond Price =	$ 98,847.00
	c	Bond Price =	$ 1,214.47
	d	Bond Price =	$ 1,114.47
	Coupon	Coupon								Prove
	Rate	PMT	YTM	n	m	PVIF	PVIFA	Par	Bond Value	Bond Value
#5	Westgate issued 10 year bonds 2 years ago at a coupon rate of 8.10%.
	The bonds make semiannual interest payments.
	The bonds currently sell for 102% of their par value.
	What is the annual YTM?	Use Goal Seek.
	a	YTM =	8.10%
	b	YTM =	4.05%
	c	YTM =	7.76%
	d	YTM =	7.67%
	Coupon	Coupon								Prove
	Rate	PMT	YTM	n	m	PVIF	PVIFA	Par	Bond Value	Bond Value
		semi annual
		annual YTM