1) Ten-year zero-coupon bonds issued by the U.S. Treasury have a face value of $1,000 and interest is compounded semiannually. If similar bonds in the market yield 10.2 percent, what is the value of these bonds?

2) Carla Vista Real Estate Company management is planning to fund a development project by issuing 10-year zero-coupon bonds with a face value of $1,000. Assuming semiannual compounding, what will be the price of these bonds if the appropriate discount rate is 13.2 percent?

3) Debra King is looking to invest in a three-year bond that makes semi-annual coupon payments at a rate of 5.475 percent. If these bonds have a market price of $972.51, what yield to maturity can she expect to earn?

4) Paul White bought 10-year, 10.8 percent coupon bonds issued by the U.S. Treasury three years ago at $902.98. If he sells these bonds, for which he paid the face value of $1,000, at the current price of $840.93, what is his realized yield on the bonds? Assume similar coupon-paying bonds make annual coupon payments.