1. You own a bond that pays $73 in interest annually. The face value is $1,000 and the current market price is $1,065.44. The bond matures in 14 years. What is the yield to maturity? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

2. Kaiser Industries has bonds on the market making annual payments, with 19 years to maturity, a par value of $1,000, and a current price of $1063.02. At this price, the bonds yield 7.5 percent. What is the coupon rate?

3. Dexter Mills issued 30-year bonds one year ago at a coupon rate of 9.1 percent. The bonds make semiannual payments and have a par value of $1,000. If the YTM is 8.5 percent, what is the current bond price? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

4. The 7.2 percent bonds issued by Modern Kitchens pay interest semiannually, mature in eight years, and have a $1,000 face value. Currently, the bonds sell for $980. What is the yield to maturity? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)