1, Bond Valuation with Annual Payments Jackson Corporation's bonds has 15 years remaining to maturity. Interest is paid annually, the bonds have a $1,000 par value, and the coupon interest rate is 8%. The bonds have a yield to maturity of 9%. What is the current market price of these bonds? Do not round intermediate calculations. Round your answer to the nearest cent.

2,

Yield to Maturity for Annual Payments

Wilson Corporations bonds have 12 years remaining to maturity. Interest is paid annually, the bonds have a $1,000 par value, and the coupon interest rate is 10%. The bonds sell at a price of $850. What is their yield to maturity? Round your answer to two decimal places.

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3,

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Current Yield for Annual Payments

Heath Food Corporations bonds have 18 years remaining to maturity. The bonds have a face value of $1,000 and a yield to maturity of 8%. They pay interest annually and have a 9% coupon rate. What is their current yield? Do not round intermediate calculations. Round your answer to two decimal places.

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