1. What is it the term of a document with nominal value of $ 9,500 and discounted value of $ 9,345 if the simple discount rate is 9.5 % per year?
2. Beam Inc. bonds are trading today for a price of ?$1,133.57. The bond currently has 15 years until maturity and has a yield to maturity of 2.89?%. The bond pays annual coupons and the next coupon is due in one year. What is the coupon rate of the? bond?
3. A zero-coupon bond has 10 years until maturity, $1000 face value, and a current price of $322. Assuming annual compounding, what is the yield to maturity?