1. Wine and Roses, Inc. offers a 8 percent coupon bond with semiannual payments and a yield to maturity of 8.73 percent. The bonds mature in 9 years. What is the market price of a $1,000 face value bond?

2. The Timberlake-Jackson Wardobe Co. has 9% coupon bonds on the market with ten years left to maturity. The bonds make annual payments. If the bond currently sells 1,150.70, what is the YTM?

3. App Store Co. issued 13-year bonds one year ago at a coupon rate of 6.3 percent. The bonds make semiannual payments. If the YTM on these bonds is 5.5 percent, what is the current bond price?

4. The MerryWeather Firm wants to raise $13 million to expand its business. To accomplish this, the firm plans to sell 20-year, $1,000 face value zero-coupon bonds. The bonds will be priced to yield 7 percent. What is the minimum number of bonds the firm must sell to raise the $13 million it needs? Use annual compounding.