1. What is the price of a bond with the following features? Face Value = $1,000 Coupon Rate = 5% (stated as an ANNUAL rate) Semiannual coupon payments Maturity = 10 years YTM = 4.63% (Stated as an APR) State your answer to the nearest penny (e.g., 984.25)

2. Assume you buy a bond with the following features Bond maturity = 4 Coupon Rate = 5% Face Value = $1,000 Annual Coupons When you buy the bond the market interest rate = 4.36% Immediately after you buy the bond the interest rate changes to 6.96% What is the "reinvestment" effect in year 3 ?

3. What is the price of a bond with the following features? Face Value = $1,000 Coupon Rate = 7% (stated as an ANNUAL rate) Semiannual coupon payments Maturity = 7 years YTM = 6.34% (Stated as an APR) State your answer to the nearest penny (e.g., 984.25)