1. A 9-year zero coupon bond has a yield to maturity of
11.8 percent, and a par value of $1,000. What is the price of the bond?
2. A 7-year bond has a 8 percent coupon rate with the interest paid in semi annual payments. The yield to maturity of the bond is 2.3 percent, and a face value of $1,000. What is the price of the bond?
3. A 12-year bond has a 9 percent annual coupon, a yield to
maturity of
7.7 percent, and a face value of $1,000. What is the
price of the bond?
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