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Match the description to the best term.

When the bond price is more than face, the bond trades at ______

Ajax wants to issue a 10 year-zero coupon bond.  The bond will have a face value of $1000.  The yield on 10-year government T-bonds is [x]%.  Ajax has a rating of BBB, and you estimate the default risk premium at [y]%.  The bonds will be privately placed, so trading will be difficult.  The liquidity premium is [z]%.  Find the price of the bond.  Assume all yields have annual compounding.Round your answer to the nearest dollar.

A [z]-year coupon bond has a face value of $1000.  The coupon rate is [x]%, and coupon payments are made semiannually.  If the yield is [y]% compounded semiannually, what is the price of the bond. Answer should be to two decimal places and based on the $1000 face.

The yield rises by 2%.  Which bond will have a greater percentage change in price

You buy a zero coupon bond for $247.00.  The bond matures in 12 years and the face value is $1000.  What is the yield to maturity on this bond?

If the inflation rate is [x] and the nominal return is [y], find the real return.  Answer should be xx.xx

A change in anticipated inflation would cause the yield curve to shift.

A firm wants to issue 10 year debt.  When the firm creates the security, which will have the highest interest rate (coupon)

If the bond price is less than par (1000), the bond is