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4. Draw a time line showing the cash flows fora bond that has a four year maturity, semiannual coupon payments, acoupon rate of 5 percent, and a par value of $1,000.5. Using the information in question 4, valuethe bond under the following interest rate assumptions: a. MarketRate = 3% b. Market Rate = 5% c. Market Rate = 7%6. Assuming the market rate is 6.5 percent,what is the value of a bond that pays an annual coupon payment, acoupon rate of 8 percent, a par value of $1,000, and a maturity of10 years. a. Is the bond in question 6 selling for a discount,premium, or par?7. Find the yield to maturity (YTM) for a bondwith the following characteristics:Maturity = 15 years, Coupon Rate = 10%, Coupon Payments madeAnnually, Par = $1,000. a. Bond Selling Price = $1,125 b. BondSelling Price = $1,000 c. Bond Selling Price = $975