1. Do-Well bonds have a face value of $1,000 and are currently quoted at 108.62. The bonds have coupon rate of 5.4 percent. What is the current yield on these bonds? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

2. The 7.9 percent bonds issued by Modern Kitchens pay interest semiannually, mature in eight years, and have a $1,000 face value. Currently, the bonds sell for $950. What is the yield to maturity? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

3. You are purchasing a 19-year, zerocoupon bond. The yield to maturity is 6.14 percent and the face value is $1,000. What is the current market price? Assume semiannual compounding. (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)