Please post all work so I can understand the process :) Thank you!

-East India Co. bonds carry an 8 percent coupon, payable semiannually. The bonds mature in 11 years and have a $1,000 face value. Currently, the bonds sell for $952. What is the yield to maturity?

A.	7.87 percent

B.	7.92 percent

C.	8.08 percent

D.	8.69 percent

E.	9.20 percent

-China Oil offers 7.5 percent coupon bonds with semiannual payments. Market rate of interest is at 7.68 percent. The bonds mature in 6 years. What is the market price per bond if the face value is $1,000?

A.

$989.70

B.

$991.47

C.

$996.48

D.

$1,002.60

E.

$1,013.48

-Tech bank corp has a 7 percent, semiannual coupon bond outstanding with a current market price of $1,023.46. The bond has a par value of $1,000 and a yield to maturity of 6.72 percent. How many years is it until this bond matures?

A.	12.26 years

B.	12.53 years

C.	18.49 years

D.	24.37 years

E.	25.05 years

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-United Lighting ltd. just paid an annual dividend of $3.10 a share that is expected to grow at 4 percent per year. What is an investor expected to pay per share if the market rate of return for similar risky assets is 12 percent?

A.

$37.33

B.

$38.16

C.

$38.83

D.

$40.30

E.

$42.00

-A share of Delta Inc. sells for $28.16. The stock is expected to pay $1.35 per share dividend next year. Expected growth in dividends is at 3 percent. What is the cost of equity for this stock?

A. 7.42 percent

B. 7.79 percent

C. 19.67 percent

D. 20.14 percent

E. 20.86 percent

-A building project will produce cash inflows of $2,800 a year for 4 years with a final cash inflow of $5,700 in year 5. The project's initial cost is $9,500. What is the net present value of this project if the required rate of return is 16 percent?

A.

-$311.02

B.

$1,048.75

C.

$4,650.11

D.

$9,188.98

E.	$11,168.02