1. What is the price of a $1000 par value bond with an 8% coupon rate paid annually, if the bond is priced to yield 8% and has 9 years to maturity?
2. What would be the price of the bond in #1 if the yield decrease 6%?
3. What would be the price of the bond in #1 if the yield rose to 10% and was callable at 110% of par in 4 years?
4. What is the yield to maturity for a Zero Coupon Bond that has 15 years left to maturity and is selling for $209?