81. Greenbrier Industrial Products’ bonds have a 7.60
percent coupon and pay interest annually. The face value is $1,000 and the
current market price is $1,062.50 per bond. The bonds mature in 16 years. What
is the yield to maturity?
A. 6.94 percent
B. 7.22 percent
C. 7.46 percent
D. 7.71 percent
E. 7.80 percent
82. Collingwood Homes has a bond issue outstanding
that pays an 8.5 percent coupon and matures in 18.5 years. The bonds have a par
value of $1,000 and a market price of $964.20. Interest is paid semiannually.
What is the yield to maturity?
A. 8.36 percent
B. 8.42 percent
C. 8.61 percent
D. 8.74 percent
E. 8.90 percent
83. Oil Well Supply offers 7.5 percent coupon bonds
with semiannual payments and a yield to maturity of 7.68 percent. The bonds
mature in 6 years. What is the market price per bond if the face value is
$1,000?
A. $989.70
B. $991.47
C. $996.48
D. $1,002.60
E. $1,013.48
84. Roadside Markets has a 6.75 percent coupon bond
outstanding that matures in 10.5 years. The bond pays interest semiannually.
What is the market price per bond if the face value is $1,000 and the yield to
maturity is 6.69 percent?
A. $999.80
B. $999.85
C. $1,003.42
D. $1,004.47
E. $1,007.52
85. Grand Adventure Properties offers a 9.5 percent
coupon bond with annual payments. The yield to maturity is 11.2 percent and the
maturity date is 11 years from today. What is the market price of this bond if
the face value is $1,000?
A. $895.43
B. $896.67
C. $941.20
D. $946.18
E. $953.30
86. Redesigned Computers has 5.25 percent coupon bonds
outstanding with a current market price of $546.19. The yield to maturity is
16.28 percent and the face value is $1,000. Interest is paid semiannually. How
many years is it until these bonds mature?
A. 6.64 years
B. 7.08 years
C. 12.41 years
D. 14.16 years
E. 28.32 years
87. Global Communications has a 7 percent, semiannual
coupon bond outstanding with a current market price of $1,023.46. The bond has
a par value of $1,000 and a yield to maturity of 6.72 percent. How many years
is it until this bond matures?
A. 12.26 years
B. 12.53 years
C. 18.49 years
D. 24.37 years
E. 25.05 years
88. You are purchasing a 25-year, zero-coupon bond.
The yield to maturity is 8.68 percent and the face value is $1,000. What is the
current market price?
A. $106.67
B. $108.18
C. $119.52
D. $121.50
E. $128.47
89. Today, you want to sell a $1,000 face value zero
coupon bond you currently own. The bond matures in 4.5 years. How much will you
receive for your bond if the market yield to maturity is currently 5.33
percent? Ignore any accrued interest.
A. $696.60
B. $698.09
C. $741.08
D. $756.14
E. $789.22
90. The zero coupon bonds of D&L Movers have a
market price of $319.24, a face value of $1,000, and a yield to maturity of
9.17 percent. How many years is it until these bonds mature?
A. 11.92 years
B. 12.28 years
C. 12.73 years
D. 13.01 years
E. 13.47 years
