1. Yield to Maturity. A 6.45 percent coupon bond with 20 years left to maturity is offered for sale at $1,115.25. What yield to maturity is the bond offering? (Assume interest payments are semiannual.) (Round your answer to 2 decimal places.)
2. You bought a share of Bavarian Sausage stock for $97.82 at the beginning of the year. During the year the stock paid a $3.54 dividend and at the end of the year it trades at $93.8. What was your total rate of return on this stock? (answer in % to one decimal; e.g., 7.4%)
3. Which of the following type of Financial Institution does NOT typically provide funds to a company? Life Insurance Company Exchange Traded Fund Commercial Bank Private Equity Firm Pension Funds