1. Consider a 12%, 15 year bond that pays interest semiannually, and its current price is $675. What is the promised yield to maturity? 2. Consider a zero coupon bond that has a current price of $436.19 and matures in 10 years. What is its yield to maturity? 3. Consider a bond with a 9% coupon and a current yield of 8 1/2%. What is this bond's price? 4. Calculate the duration of a 6 percent, $1,000 par bond maturing in three years if the yield to maturity is 10 percent and interest is paid semiannually 5. Suppose the current 6 year rate is 9% and the current 5 year rate is 7%. What is the one year forward rate for five years? -ns