A 4-year bond has a 3 percent annual coupon, a yield to maturity of 12 percent, and a face value of $1,000.  What is the price of the bond?

A corporate bond has a face value of $1,000, and pays a $74 coupon semiannually (that is, the bond has a 14.8 percent coupon).  The bond matures in 27 years and sells at a price of $1,300.  What is the bond’s nominal yield to maturity?

Meade Corporation bonds mature in 22 years and have a yield to maturity of 8.2 percent.  The par value of the bonds is $1,000.  The bonds have a 7 percent coupon rate and pay  interest on a semiannual basis.  What are the current yield and capital gains yield on the  bonds for this year? (Assume that interest rates do not change over the course of the  year.)

If D1 = $8, g (which is constant) = 4.7%, and P0 = $169, what is the stock’s  expected capital gains yield for the coming year?

A constant growth stock has a growth rate of 3 percent per year. This means that

Palmer Products has outstanding bonds with an annual 6.3 percent coupon.  The bonds have a par value of $1,000 and a price of $759.  The bonds will mature in   13 years. What is the yield to maturity on the bonds?

A 24-year bond with a 11.1 percent semiannual coupon and a $1,000 face  value has a nominal yield to maturity of 8.2 percent.  The bond currently sells for  $1,302.26. The bond, which may be called after 2 years, has a nominal yield to  call of 1.25% percent.  What is the bond’s call price?

A 16-year bond has a 5 percent annual coupon, a yield to maturity of 4 percent, and a face value of $1,000.  What is the price of the bond?

You intend to purchase a 25-year, $1,000 face value bond that pays interest of $58 every every 6 months.  If your nominal annual required rate of return is 11.2 percent with semiannual compounding, how much should you be willing to pay for this bond?

The last dividend paid by Klein Company was $1.6.  Klein’s growth rate is expected to be  a constant 6 percent for 2 years, after which dividends are expected to grow at a rate  of 4 percent forever.  Klein’s required rate of return on equity (rs) is 13.9 percent.   What is the current price of Klein’s common stock?