1. The zero coupon bonds of JK Industries have a market price of $432.90, a face value of $1,000, and a yield to maturity of 5.3 percent. How many years is it until these bonds mature? Assume semiannual compounding.

2. A $10,000 face value Treasury bond is quoted at a price of 95.890 with a current yield of 4.36 percent. What is the coupon rate?

3. The outstanding bonds of Winter Tires Inc. provide a real rate of return of 3.9 percent. If the current rate of inflation is 3.8 percent, what is the actual nominal rate of return on these bonds?