1. A bond with a coupon rate of 10% makes semiannual coupon payments on January 15 and July 15 of each year. The ask price for the bond on July 31 is 101.125% of par. The par value of the bond is $1,000. What is the invoice price of the bond at July 31. Assume 180 days between coupon payments. Select the closest answer.

2. 5-year maturity bond with par value of $1,000 makes quarterly coupon payments at a coupon rate of 9%. Find the a) APR (bond equivalent YTM) and b) APY (effective YTM) of the bond if the price of the bond is $950.

3. 10-year maturity bond with par value of $1,000 makes quarterly coupon payments at a coupon rate of 9%. Find the a) APR (bond equivalent YTM) and b) APY (effective YTM) of the bond if the price of the bond is $950.