1. Adaminaby Foods Ltd has 7% coupon bonds on the market that have 13 years left to maturity. The bonds make annual payments and have a face value of $1000. If the YTM on these bonds is 8.4%, what is the current bond price?

2. Arno Bay Wine Ltd has 7% coupon bonds on the market with nine years left to maturity. The bonds make annual payments and have a face value of $1000. If the bond currently sells for $1038.50, what is its YTM?

3. Cunderdin Investments is buying a 180-day bank bill today. The bill matures in 180 days time. The bill has a face value of $500000 and the current market yield on this bill is 2.8% pa. What is the price that Cunderdin Investments will have to pay to buy the bill today?