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1. Jackson Corporation's bonds have 8 years remaining to maturity. Interest is paid annually, the bonds have a $1,000 par value, and the coupon interest rate is 5.50%. The bonds have a yield to maturity of 10.25%. What is the current market price of these bonds?

Round your answer to two decimal places. For example, if your answer is $345.6671 round as 345.67 and if your answer is .05718 or 5.7182% round as 5.72.

2. Wilson Wonders's bonds have 12 years remaining to maturity. Interest is paid annually, the bonds have a $1,000 par value, and the coupon interest rate is 7.35%. The bonds sell at a price of $1,305. What is their yield to maturity?

3. Heath Foods's bonds have 10 years remaining to maturity. The bonds have a face value of $1,000 and a yield to maturity of 16.7500%. They pay interest annually and have a 8.00% coupon rate. What is their current yield?

4. Renfro Rentals has issued bonds that have a 15.75% coupon rate, payable semiannually. The bonds mature in 15 years, have a face value of $1,000, and a yield to maturity of 14.75%. What is the price of the bonds?

5. Thatcher Corporation's bonds will mature in 7 years. The bonds have a face value of $1,000 and an 8.25% coupon rate, paid semiannually. The price of the bonds is $1,136. The bonds are callable in 6 years at a call price of $1122. What is their yield to maturity?

6. Thatcher Corporation's bonds will mature in 7 years. The bonds have a face value of $1,000 and an 8.25% coupon rate, paid semiannually. The price of the bonds is $1,183. The bonds are callable in 6 years at a call price of $1,192. What is the bond's yield to call?

7. The Brownstone Corporation's bonds have 11 years remaining to maturity. Interest is paid annually, the bonds have a $1,000 par value, and the coupon interest rate is 10%. What is the yield to maturity at a current market price of $845?

8. A 6-year, 9.00% semiannual coupon bond with a par value of $1000 may be called in 4 years at a call price of $1,147.00. The bond sells for $875.50. (Assume that the bond has just been issued.).

c. What is the bond's capital gain or loss yield? Loss should be indicated with minus sign.

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