1. A $1000 par value bond with a 8.28 percent coupon rate, currently selling for $1135 has a current yield of

Round the answer to two decimal places in percentage form.

2.

Bright Sun, Inc. sold an issue of 30-year $1,000 par value bonds to the public. The bonds had a 11.58 percent coupon rate and paid interest annually. It is now 7 years later. The current market rate of interest on the Bright Sun bonds is 8.26 percent. What is the current market price (intrinsic value) of the bonds?

Round the answer to two decimal places.

3.

Assume that today's date is February 15, 2015. Robin Hood Inc. bond is an annual-coupon bond. Par value of the bond is $1,000. How much you will pay for the bond if you purchased the bond today? The answer should be calculated to two decimal places

Company	Price	Coupon Rate	Maturity Date	YTM	Current Yield	Rating
Robin Hood	108.594	11.431	2-15- 2032	-	-	D