A 5-year, semi-annual pay, 7-1/2% coupon bond is priced at par. The bond is callable beginning with the first coupon payment date 3 years from the present date. In the absence of default by the bond issuer:

A bond has a coupon rate of 6% and a yield to maturity of 6.25%. Which of the following prices, as a percentage of par, is a likely candidate for the bond's market price?

XYZ Corp. recently issued some preferred shares with a fixed preferred rate of $1.32 per share.
Further research reveals that XYZ's common shares have a beta of 1.3, at a time when the market risk premium is 5.2% above the risk-free rate of 3.2%. If the difference in the risk premium between XYZ's common and preferred shares is 2%, what would be a fair value for the preferred shares?

Consider a two-year plain-vanilla swap. Fixed rate is 6%. Libor is currently 5.5%. Notional principal is
$ 10 million. Who pays whom how much when the swap is originated?

Duration is a measure of a bond's: