1. A company has issued a $10,000 bond with zero coupon. It has 20 years remaining to its original 30-year maturity and the market is seeking a yield of 8%. The price of the bond today is:

2. With a coupon rate of 8% and a current market price of $955.17, a bond's current yield, assuming six years to maturity, is:

3. You want to purchase a boat that costs $40,000. You want to finance as much of the purchase as possible with a 5-year bank loan at 12% compounded monthly, but can only afford loan payments of $750 per month. How much will you need as a down payment to buy the boat? (Round to the nearest dollar)