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Principles of Financial Management Bond Prices and Yields Worksheet 1. Hobby Company's bonds have 8 years remaining to maturity. They have a $ 1,000 par value. The coupon interest rate is 8 %. What is the most you should pay for the bond if you require a 9% return? N= I= PV= PMT= FV= 2. Cashew Corporation has a five-year bond whose yield to maturity is 6.5%. The bond has no coupon payments. What is the price of this zero coupon bond? (Assume semi-annual compounding) N= I= PV= PMT= FV= 3. A company has outstanding bonds that were issued 20 years ago with a $ 1,000 par value, a 6% semiannual coupon. What is the bond's price if there are 7 years to maturity, and the yield to maturity is 5%? N= I= PV= PMT= FV= 4. A bond was issued with a $1,000 par value, 20- year maturity and 7 % annual coupon. The bond currently sells at a price of $1,494.93. What is the yield to maturity of the bond? N= I= PV= PMT= FV= 5. A firm's bonds have a maturity of 10 years with a $1,000 face value, an 8 % semiannual coupon and currently sell at a price of $1,100. What is yield to maturity? N= I= PV= PMT= FV= 6. A bond was issued with a 15 year maturity. The bond pays $25 every six months. What is the most you should pay for the bond if the yield to maturity is 3%? N= I= PV= PMT= FV=