You may use Excel, the Assignment 2-A Spreadsheet, the textbook and the course material to calculate the problems on this quiz. There is no partial credit, so be very careful in entering your answers and formulas. If you are not sure about something, take the time to go look it up. Please respond to all value questions with precision to the nearest penny, and interest rates to the nearest basis point. If we add one basis point to an interest rate of 12.34% it becomes 12.35%.

U Question 13 5 pts You are interested in buying a corporate bond with a par value of $1,000. The annual coupon rate is 5.92%. It matures in 9 years. The market rate for bonds with similar risk is 6.78%. What is the most you should pay for this bond to the nearest cent? D Question 14 5 pts Gwenyth just purchased a bond for $1.180 that has a maturity of 28 years and a coupon interest rate of 14.12% paid annually. What is the yield-to-maturity (YTM of the $1.000 face value bond that she purchased? U Question 15 5 pts Micron issues a 6.35% coupon bond with a maturity of 14 years which makes monthly interest payments. The face value of the bond, payable at maturity, is $1,000. What is the value of this bond at your required rate of return is 5.76%. Please enter your answer to the nearest cent Question 16 S pts What is the yield-to-maturity YTM of a bond that has a current price of $1.036 coupon rate of 9.99%. $1.000 par value, interesting and 29 years to maturity