11.)Bond price: National Australia Bank Ltd has 7-year bonds outstanding that pay a 11.03 per cent coupon rate. Investors buying the bond today can expect to earn a yield to maturity of 6.72 per cent. What is the current value of these bonds? Assume annual coupon payments and a face value of $1000.

12.)Bond price: You are interested in investing in a 5-year bond with a face value of $1000 that pays a 6.33 per cent coupon with interest to be received semiannually. Your required rate of return is 9.69 per cent. What is the most you would be willing to pay for this bond?

6.)Aletek Corp is issuing a 10-year bond with a face value of $1,000 and a coupon rate of 7 percent. The interest rate for similar bonds is currently 9 percent. Assuming annual payments, what is the present value of the bond? (Round to the nearest dollar.)