1. A bond with 16 years until maturity has a coupon rate of 7 percent and a yield to maturity of 6.8 percent. What is the price of the bond?
2. NGL Energy Partners spreads its risk among propane/butane terminals, crude terminals, water facilities, refined fuel terminals, truck stations, rail leases and renewables. Currently yields at 13.51%. What does this tell you about the risk of the company?
3. Which types of bonds do NOT pay ordinary income tax on their dividend earnings?