3: 4: 5: 6: Question 1 (10 points) 4) Listen Amalgamated Industries 5.4% bonds pat interest annually. The bonds sell for $990 and have a par value of $1,000. If these bonds mature in 30 years, what is their yield to maturity? 5.47% 5.30% 5.85% 5.14% 6.02% Previous Page Next Page Page 1 of 8 2: 3: 4: 5: Fish Company bonds have a face value of $1,000 and are currently quoted at 98.4% of par. The bonds pay $60 annually. What is the current yield on these bonds? 7.20% 6.10% 6.52% 6.71% 6.95% Previous Page Next Page Page 2 of 8 3: 4: 5: Stingray Corporation's 5.1% bonds have a par value of $1,000 and pay interest semi- annually. If the bonds mature in 29 years and have a yield to maturity of 4.4%, how much should they sell for? $980.37 $1,114.06 $1,024.94 $1,047.22 $1,147.48 Previous Page Next Page Page 3 of 8 2: 3: Question 4 (10 points) 4) Listen Sea Snake Corporation's zero coupon bonds have a par value of $1,000 and mature in 3 years. If investors require a yield to maturity of 3.99%, How much should these bonds sell for? $950.41 $834.94 $977.06 $888.23 $799.41 Previous Page Next Page Page 4 of 8