a. Calculate the price of a five-year bond that has a coupon rate of 6.5 percent paid annually. The current market rate is 5.70 percent. (Round answer to 2 decimal places, e.g. 5,275.25.) Price of bond $__________________
b. Oriole Corp. issued a four-year bond one year ago with a coupon rate of 8.0 percent. The bond pays interest semiannually. If the yield to maturity on this bond is 11 percent, what is the price of the bond? (Round answer to 2 decimal places, e.g. 5,275.25.) Price of bond $__________________
c. Vanhoe Industries has a three-year bond outstanding that pays a 7.55 percent coupon rate and is currently priced at $917.25. What is the yield to maturity of this bond? Assume annual coupon payments. (Round answer to 2 decimal places, e.g. 52.75%.) Yield to maturity $___________________
d. Carla Vista, Inc., has a 10-year bond that is priced at $1,200.00. It has a coupon rate of 6 percent paid semiannually. What is the yield to maturity on this bond? (Round answer to 2 decimal places, e.g. 52.75%.) Yield to maturity $___________________
e. Blossom Corp., a U.S. company, has a five-year bond whose yield to maturity is 8.3 percent (assume semiannual compounding). The bond has no coupon payments. What is the price of this zero coupon bond? (Round answer to 2 decimal places, e.g. 5,275.25.) Price of zero coupon bond $_____________________