1. Midland Oil has $1,000 par value bonds outstanding at 10 percent interest. The bonds will mature in 25 years. Compute the current price of the bonds if the present yield to maturity is 8 percent, 10 percent, 12 percent. 2. Bonds issued by the Crane Optical Company have a par value of $1,000, which is also the amount of principal to be paid at maturity. The bonds are currently selling for $850. They have 10 years remaining to maturity. The annual payment is 9 percent. Compute the approximate yield to maturity? 3. Bonds issued by the Crane Optical Company have a par value of $1,000, which is also the amount of principal to be paid at maturity. The bonds are currently selling for $1250. They have 10 years remaining to maturity. The annual payment is $120. Compute the approximate yield to maturity