(Answer as much as you can, I can post the rest if need be, PLEASE SHOW WORK, DONT USE EXCEL thanks!!)

All bonds are semi-annual. All yield measures are stated as annual percentage rates.

1. Suppose you buy a 10 year 9% bond that has a YTM of 11%. What is the price of the bond?

2. Suppose you buy a 30 year 7% bond that has a YTM of 7.5%. What is the price of the bond?

3. What is the YTM of a 7.5 year 12% bond that is currently selling for $1100?

4. What is the yield to call (YTC) of a 30 year 8% bond selling for $940? The call deferment period for the bond is 10 years.

5. What is the yield to call (YTC) of a 20 year 9% bond selling for $1030? The call deferment period for the bond is 5 years.

6. What is the holding period yield on a 30 year 7% bond that we buy for $1020. We sell the bond in 4 years for $1040.

7. Suppose you bought a 10 year 8% bond for $975. If you sold the bond for $940 after holding it for 2 years, what was your holding period yield?