1. What is the current price of a bond that had a twelve year maturity when issued last year with a coupon rate of 4.32 percent, a par value of $1,000, and pays interest semiannually? The current market yield is 6.78 percent. If the company wants to raise $200,000,000, how many bonds must be issued? 2. What annual yield would be necessary for an investor to make a 10 percent profit on the price of the bond in question 1 in one year? Calculate the new price first. 3. How much would you gain or lose if you purchased a 30-year zero-coupon bond with a $1,000 par value and 8.5% yield to maturity, only to see market interest rates increase to 11.2% one year later? (Hint: How much would the price change from a year earlier?) 4. A bond has a par value of $1,000, a yield of 6.54 percent, and a coupon of 4.32 percent, paid semiannually and sells for $661.10. What is the unusual feature of the bond? Hint: solve for the missing variable