1. Consider a zero-coupon bond with face value of $100, 3-year term, and yield to maturity of 2.6%. What is this bond worth today? Round to the nearest cent (two decimal places).

2. Consider a company that issued 5,000 zero-coupon bonds with face value of $1,000 at a price of $734 each. How much did the company borrow in this bond offering?

3. Consider a zero-coupon bond with face value of $100 and 8 years left to maturity trading for $68.21. What is this bond's yield to maturity? Answer in percent rounded to one decimal place.

4. Consider a semi-annual coupon bond with 4% coupon rate, $1,000 face value and 15 year term. How much is each coupon payment?