1. find the YTM of a 9% semiannual coupon bond that matures in 7 years. THe bond has a $1,000 face value and is selling for $890

2. Calculate the yield-to-maturity for a zero -coupon bond that sells for $805 and is redeemed for $1,000 in 9 years

3. You want your descendants to gather for a family reunion every year. In order to help with the expense, you purchase a security that will pay $14,500 each year for the rest of time. If inflation is expected to average about 3.5% and you paid $160,000 for the asset, what is the real return on your investment?