Kiev Corporation’s outstanding bonds have a $1,000 par value, a 12 percent semiannual coupon, 19 years to maturity, and an 8.5 percent yield to maturity (YTM).  What is the bond’s price?

Brooks Books’ bonds have 6 years remaining to maturity.  Interest is paid annually; they have a $1,000 par value; the coupon interest rate is 9 percent; and the yield to maturity is 6.5 percent.  What is the bond’s current market price?

An investment will pay $600 at the end of each of the next 4 years, $500 at the end of Year 5, and $600 at the end of Year 6.  What is its present value if other investments of equal risk earn 8 percent annually?

Quigley Inc.’s bonds currently sell for $1,080 and have a par value of $1,000. They pay a $100 annual coupon and have a 15-year maturity, but they can be called in 5 years at $1,125. What is their yield to maturity (YTM)?

A firm’s bonds have a maturity of 28 years with a $1,000 face value, a 10 percent semiannual coupon, are callable in 6 years at $1,100, and currently sell at a price of $1,173.  What is their yield to call (YTC)?

Steve plans to retire in 25 years.  He currently has saved up $100,000, and he believes he will need $1,000,000 at retirement.  What annual interest rate must Steve earn to reach his goal, assuming he does not save any additional funds between now and retirement?

Helen recently received a credit card with a nominal interest rate of 20 percent.  With the card, she purchased some new clothes for $400.  The minimum payment on the card is only $15 per month.  If Helen makes the minimum monthly payment and makes no other charges, how long will it be before she pays off the card?

Moerdyk Company’s stock has a beta of 1.40, the risk-free rate is 4.25%, and the market risk premium is 5.50%. What is the firm’s required rate of return?

The Wei Company’s last dividend was $1.75. The dividend growth rate is expected to be constant at 1.50% for 2 years, after which dividends are expected to grow at a rate of 8.00% forever. Wei’s required return (rs) is 12.00%. What is Wei’s current stock price?

Suppose you invest $3,900 today in an account that earns a nominal annual rate (inom) of 16 percent, with interest compounded quarterly.  How much money will you have after 10 years?