1. Consider a bond that has a price of $1306.08, a current yield of 8.04%, a yield to maturity of 6%, a face value of $1000, and 9 years to maturity. What are the annual coupon payments? Enter your response below. Enter your answer to 2 DECIMAL PLACES.

2. A two-year Treasury bill offers a 7.8% yield to maturity. The market's concensus forecast is that one-year T-bills will offer 8.7% next year. What is the current yield on a 1-year T-bill if the expectations hypothesis holds? Enter your answer as a percentage. Do not include the percentage sign in your answer. Enter your response below. Enter your answer to 2 DECIMAL PLACES.

3. A 7-year, $1000 face value bond makes annual payments and has a coupon rate of 11.8 percent. If the current yield on the bond is 11.1 percent, what is the bonds price?

4. What is the price of a bond with a coupon rate of 5%, payable annually, a face value of $1000, 14 years to maturity, and a yield to maturity of 5.1%? Enter your response below. Enter your answer to 2 DECIMAL PLACES.