1. Yest Corporation's bonds have a 12-year maturity, a 8% semiannual coupon, and a par value of $1,000.The market interest rate (r) is 6%, based on semiannual compounding.What is the bond's price?

2. A 15-year, $1,000 par value bond has a 7% annual coupon.The bond currently sells for $925.If the yield to maturity remains at its current rate, what will the price be4 years from now?

3. Meade Corporation has 5-year, $1,000 par value bonds that have a yield to maturity of 7.5% and a 10% annual coupon rate.What are the current and capital gains yields on the bonds for this year?