1) App Store Co. issued 13-year bonds one year ago at a coupon rate of 6.5 percent. The bonds make semiannual payments. Required: If the YTM on these bonds is 5.4 percent, what is the current bond price?

2)

Crossfade Co. issued 14-year bonds two years ago at a coupon rate of 9.7 percent. The bonds make semiannual payments.

Required:

If these bonds currently sell for 102 percent of par value, what is the YTM?

3)

If Treasury bills are currently paying 6.55 percent and the inflation rate is 1.2 percent, what is the approximate and the exact real rate of interest? (Do not round intermediate calculations. Round your answers to 2 decimal places (e.g., 32.16).)

Approximate	%
Exact	%