1. A bond makes annual payments, and has a 10% coupon rate and a 14% yield-to-maturity. The bond has 5 years to maturity. What is the bond's price (par is $1000)? $1254.87 $1100 $1000 $862.67
2. You purchased stock in a firm for $125. Eight years later you sold the stock for $175. What was the annual compound rate of return on the stock? 2.5% 4.3% 8.7% 8.9%
3. A bond makes annual payments, and has a 10% coupon rate and a 14% yield-to-maturity. The bond has 5 years to maturity. What is the bond's price (par is $1000)?
$1254.87
$1100
$1000
$862.67