Question 10

You are purchasing a 17-year, zerocoupon bond. The yield to maturity is 7.99 percent and the face value is $1,000. What is the current market price? Assume semiannual compounding. (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Question 11

Oil Wells offers 7.29 percent coupon bonds with semiannual payments and a yield to maturity of 5.98 percent. The bonds mature in seven years. What is the market price per bond if the face value is $1,000? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Question 12

Do-Well bonds have a face value of $1,000 and are currently quoted at 109.78. The bonds have coupon rate of 5.2 percent. What is the current yield on these bonds? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

Question 15

The zero coupon bonds of JK Industries have a market price of $570.96, a face value of $1,000, and a yield to maturity of 9.8 percent. How many years is it until these bonds mature? Assume semiannual compounding.