1. The bond equivalent yield of a pure discount security with a face value of $100,000, discount yield of 6%, and 45 days to maturity, is:

bond equivalent yield = %

2. A newly issued 30-year treasury bond with a par value of $10,000 pays 6% coupon interest in semi-annual payments over the next 30 years. Therefore this bond has a total of 61 payments. What is the current STRIPS price of the 30th payment, given that the yield to maturity is 5%?

The amount of the 30th payment = $

Time of the 30th payment = years

STRIPS price = $

3. The price quote of a pure discount security with a face value of $100000, discount yield of 6%, and 45 days to maturity, is:

P = $