1) The market price of a semi-annual pay bond is $978.24. it has 15.00 years to maturity and a coupon rate of 8.00%. Par Value is $1,000. What is the effective annual yield?

2) Assume a par value of $1,000. Caspian Sea plans to issue a 6.00 year, semi-annual pay bond that has a coupon rate of 7.98%. if the yield to maurity for the bond is 8.22%, what will the price of the bond be?

3) Assume a par value of $1,000. Caspian Sea plans to issue a 7.00 year, semi-annual pay bond that has a coupon rate of 3.00%. If the yield to mauturity for the bond is 3.0% , what will the proce of the bond be?