1. What is the value of a 23-year, 3.5% coupon, $1,000 face value bond that pays quarterly coupons, if its yield to maturity is 5.5%? Round to the nearest cent.

2. You own a 4-year, 5.1% annual coupon bond with $1,000 face value. If the yield to maturity is 6.9%, what percentage of the bond's value comes from the present value of coupon payments? Answer in percent, rounded to one decimal place.

3. Your company is undertaking a new investment opportunity and you would like to issue bonds to fund the project. Each bond will be a 5-year zero-coupon bond with a $1,000 face value. If the bonds are to yield 7.4%, how many of these bonds will the company need to issue today in order to raise $97 million? Round to the nearest whole number.

4. You take out a 30-year mortgage to buy a house worth $420,000. The down payment is 24%, the interest rate is 4.2% and payments are monthly. How much interest will you pay over the life of this loan? Round to the nearest cent.

5. You will be receiving the following cashflows: $3,000 today, $5,000 in two years, and $8,000 in five years. If the appropriate discount rate is 5.7%, what is the present value of this cashflow stream? Round to the nearest cent.