Please answer questions 1-3 please and thank you :)

QUESTION 1

1. ABC pizzeria issued 10-year bonds one year ago at a coupon of 6.2%. If the YTM on these bonds is 7.4%, what is the current bond price?

   	A.	1000
   	B.	922
   	C.	1022
   	D.	852

10 points

QUESTION 2

1. You have just found an 8 percent coupon bond on the market with YTM equal to 6.8 percent selling for $1081.08. How many years do these bonds have until they mature?

   	A.	10.4
   	B.	9.2
   	C.	8.2
   	D.	9

10 points

QUESTION 3

1. What is the modified duration of a 7 percent coupon bond with five years to maturity and a current price of $1025.3?

   	A.	4 years
   	B.	4.18 years
   	C.	4.31 years
   	D.	5 years