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1. You are considering a 30-year, $1,000 par value bond. Its coupon rate is 11%, and interest is paid semiannually. If you require an effective

1. You are considering a 30-year, $1,000 par value bond. Its coupon rate is 11%, and interest is paid semiannually. If you require an "effective" annual interest rate (not a nominal rate) of 10%, how much should you be willing to pay for the bond? Do not round intermediate steps. Round your answer to the nearest cent.

2.Nesmith Corporation's outstanding bonds have a $1,000 par value, a 10% semiannual coupon, 8 years to maturity, and an 8.5% YTM. What is the bond's price? Round your answer to the nearest cent.

3.An 8% semiannual coupon bond matures in 4 years. The bond has a face value of $1,000 and a current yield of 8.1848%. What is the bond's price? Round your answer to the nearest cent. What is the bond's YTM? Round to two decimal points

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