1. A 9-year zero coupon bond has a yield to maturity of

11.8 percent, and a par value of $1,000. What is the price of the bond?

2. A 7-year bond has a 8 percent coupon rate with the interest paid in semi annual payments. The yield to maturity of the bond is 2.3 percent, and a face value of $1,000. What is the price of the bond?

3. A 12-year bond has a 9 percent annual coupon, a yield to maturity of 7.7 percent, and a face value of $1,000. What is the price of the bond?