4. Write out the equation to solve for the following (do not solve):

a. The holding period return on a 6 percent coupon bond (face value is $1,000) that initially sells for $950 and then sells for $1050 the next year.

b. The borrower pays you $200 a year indefinitely (the interest rate is 6 percent)

c. The price of a coupon bond with a face value of $1,000 with a coupon rate of 6% and four years until maturity (current interest rates are 7 percent).

d. The amount received in 3 years time when a saver invests $3,000 with interest compounded at 4 per cent per year (there is only one deposit in the first year).