Part II: Short Problems begins here–Answer 5 of the following 9 questions @ 6 points each. Select yes if you understand the instructions, and continue the exam.

Calculator Problem Assume that you are considering the purchase of a 20-year, noncallable bond with an annual coupon rate of 9.5%. The bond has a face value of $1,000, and it makes semiannual interest payments. If you require an 9.5% nominal yield to maturity on this investment, what is the maximum price you should be willing to pay for the bond?

Formula ProblemYou receive a $100,000 trust fund when you turn 21. You choose to invest it in a 30-year instrument that has a graduated payment scheme. For the first ten years you have a 4% yield compounded semiannually. For the second 10 years you have a 6% yield compounded quarterly. For the final 10 years, you have an 8% yield compounded monthly. What amount will you have at the end of 30 years?

Which of the following statements is correct for a 10% coupon bond that has a current yield of 7%?

Which of the following would not be associated with a zero-coupon bond?

What APR is being earned on a deposit of $5,000 made 10 years ago today if the deposit is worth $9,848.21 today? The deposit pays interest semiannually?

The holder of which one of these securities has first claim on the assets of a firm?

Complaints of chronic unilateral swelling and aching with a palpable cord in the  lower extremity suggest:

Based on the sonographic findings, which best describes the vessel flow dynamics?

Which vessel(s) may serve as collateral flow with inferior mesenteric artery occlusion?