1. What effective annual rate can a bank earn on an APR of 10.5 percent, compounded monthly?

2. A $1,000 face value bond is currently quoted at 100.6. The bond pays semiannual payments of $22.50 each and matures in six years. What is the coupon rate?

3. Blue Water bonds have a face value of $1,000, a coupon rate of 6.5 percent, semiannual interest payments, and mature in 11.5 years. What is the current price of these bonds if the yield to maturity is 6.36 percent?

4. The $1,000 face value bonds of Galaxies International have coupon of 6.45 percent and pay interest semiannually. Currently, the bonds are quoted at 103.4 and mature in 4 years. What is the yield to maturity?

**Can you tell me what the PV, FV, PMT, n, and i? I just need to know how the answer is correct**