1. You are purchasing a 20 year, zero-coupon bond. The yield to maturity is 8.68 percent and the face value is $1,000. What is the current market price? Using a financial calculator please.
2. Oil Wells offers 6.5 percent coupon bonds with semiannual payments and a yield to maturity of 6.94 percent. The bonds mature in seven years. What is the market price per bond if the face value is $1,000? Using a financial calculator please.
3. Of what strategic use are the terms "defensive" and "aggressive" when applied to individual stocks or portfolios?