1. A First State Bank savings account pays interest semi-annually with an effective annual rate of 4.4%. What is the stated or nominal interest rate the bank is offering?

2. An 8-year semi-annual payment coupon bond, $1,000 face, has an expected return of 4% and a coupon of 6%. What is the bonds current yield?

3. You purchase a 4-year, 4% coupon bond for par. Interest is paid annually. One year later, you sell the bond for $1,100. What is your interest yield, capital gains yield and total yield on this bond?