Solve:

a. A 6-year zero-coupon bond has a face value of $1,000. If its YTM changes from 3.5% to 5.3%, what is the resulting percentage change in its price? Use the price determined from the first yield, 3.5%, as the base in the percentage calculation. Round to the nearest hundredth of a percent. (e.g., 4.32% = 4.32). [Hint: Percent price change = ((P2-P1)/P1)x100. If the price dropped, enter a negative number

b. An annual coupon bond has a face value of $1,000 and a coupon rate of 5.2%. Time to maturity is 19 years and the current yield to maturity is 6.2%. What percentage of this bond's value comes from its face value payment at maturity? Answer in percent, rounded to one decimal place (e.g., 54.67% --> 54.7)

c. A semi-annual coupon bond has a face value of $1,000 and a coupon rate of 4.5%. Time to maturity is 23 years and the current yield to maturity is 7.8%. How much is this bond worth? Round to the nearest cent.

d. A Japanese government bond with a $1,000 face value has a 1.75% annual coupon rate. The bond matures in 8 years. The current YTM on the bond is -0.6% (negative!). What is this bond worth? Round to the nearest cent.