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