1. Bond X has face value of $1,000, semi-annual coupon of $40, years to maturity of 10, and price of $1,179.65. Bond Y is identical to Bond X except with a semi-annual coupon of $50. What is the price for Bond Y?
$1,000.00
$1,170.60
$1,331.61
$1,388.04
2. The Lo Sun Corporation offers a 5.9 percent bond with a current market price of $816.50. The yield to maturity is 8.21 percent. The face value is $1,000. Interest is paid semiannually. How many years is it until this bond matures?
25.22 years
6.56 years
13.13 years
27.68 years
26.25 years