1. For a bond selling for $696, with a par value of $1000 and a coupon rate of 5.57 percent, the current yield is? Round the answer to two decimal places.

2. General Mills has a $1,000 par value, 13-year to maturity bond outstanding with an annual coupon rate of 8.40 percent per year, paid semiannually. Market interest rates on similar bonds are 12.48 percent. Calculate the bonds price today.

Round the answer to two decimal places.

3. 7 years ago, Delicious Mills, Inc. issued 30-year to maturity bonds that had a 10.17 percent annual coupon rate, paid semiannually. The bonds had a $1,000 face value. Since then, interest rates in general have changed and the yield to maturity on the Delicious Mills bonds is now 12.60 percent. Given this information, what is the price today for a Delicious Mills bond?

Round the answer to two decimal places.