1. Suppose a British consol paying 6.75-percent coupon is sold at a price of $1252. Find the bond's yield to maturity. Express your answers as a percentage. Make sure to round your answers to the nearest 100th percentage point. Note: a British consol is a British government security without a maturity date. Price = coupon/yield

2. Suppose a U.S. corporate bond paying 7-percent coupon and with 18 years left to maturity is priced at $898. Find the bond's yield to maturity. Express your answers as a percentage. Make sure to round your answers to the nearest 100th percentage point.

3. Suppose a U.S. Treasury bond paying 3.25-percent coupon and with 15 years left to maturity is currently priced at $958. If the bond is sold in 10 years at a price of $985, find the bond's yield. Express your answers as a percentage. Make sure to round your answers to the nearest 100th percentage point.