1. A company currently has three bond issues outstanding. The appropriate discount rate for each is 9% and all bonds have a par value of $1,000. Assume coupons are paid annually, and that they are not callable. What is the current price of each bond?

1. 5-year bond with a 6.5% coupon
2. 25-year bond with a 6.5% coupon
3. 16-year zero coupon bond