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1 . A semiannual - pay bond has 7 years to maturity, a yield to maturity of 7 . 4 1 percent and is priced

1. A semiannual-pay bond has 7 years to maturity, a yield to maturity of 7.41 percent and is priced at $1,012.67. What is its annual coupon rate? Answer in percent to two decimals.
2. A premium annual-pay bond pays a $82 coupon, has a yield to maturity of 5.17%, and is priced at $1,093.98. How many years till the bond matures? Answer in years to at least two decimal places.
3. One year ago, XYZ Co. issued 12-year bonds at par. The bonds have a coupon rate of 6.26 percent, paid semiannually, and a face value of $1,000. Today, the market yield on these bonds is 7.43 percent. What is the percentage change in the bond price over the past year? Answer to two decimals.

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